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Mandarin Oriental in talks to sell part of One Causeway Bay in HK
The Straits Times
|October 01, 2025
Singapore-listed Mandarin Oriental International, part of the Jardine group, is in talks to sell the upper 13 floors of One Causeway Bay in Hong Kong to Alibaba Group Holding, a newspaper reported.
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The deal is worth about HK$7 billion (S$1.16 billion), the report in the Hong Kong Economic Times on Sept 30 said.
Shares of Mandarin Oriental jumped on the news, with the stock closing up 6.8 per cent to US$2.35 on Sept 30 in Singapore.
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