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HK tycoon Gordon Wu tunnelling out of public markets

The Business Times
REAL estate tycoon Gordon Wu, whose plan to build artificial islands around Hong Kong was just embraced, wants to take his company Hopewell Holdings private 40 years after it made its market debut. A US$2.7 billion bid is less generous than the headline premium suggests. The discounts applied to property companies, however, may inspire peers to follow suit.