Bira 91 raises $25 mn to expand manufacturing footprint
The new investment is part of a $50 million round raised by the company, with participation from its existing investor, Kirin Holdings of Japan, and Tiger Pacific Capital from New York
Parking space at The Centre-the 73-storey Hong Kong office tower was recently sold for whopping cost of $969,000 ($7.6 million in HK dollars), the media has reported.
The parking space, reserved for executives and tenants, is now the world’s costliest spot on earth to park a vehicle.
Johnny Cheung Shun-yee, one of the 10 investors in the consortium that paid $5.15 billion last year for “The Center”, told that he had sold the last of his four car parks in the tower to someone who owns an office in the same building because “the buyer now needs a car park lot,” declining to identify the buyer, according to media reports.
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At 134.5 square feet, the cost of the parking space comes down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house.
As per the reports, Hong Kong is s city where one in five residents live below the poverty line, and the sale price of the parking space underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades.
(With input from agencies)
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