"The proposed divestment provides an opportunity for the group to unlock the value of its investment in KINEX, and is part of the group’s reconstitution of its overall property portfolio," says UOL.
UOL Group plans to sell the KINEX mall for $375 million, in another key divestment move by the property and hospitality company.
The buyers are two entities Kinex Times Square and Xiaohong Property Management.
