Advertisement
Back To Daily Digest
Tags: BUSINESS

The Executive Centre Halts Sale Process Due To Hong Kong Protests

The Executive Centre (TEC) has paused its sale process due to the massive Hong Kong protests that have continued in the city for a third month. Click To Tweet

The Hong Kong-based office provider’s owners, HPEF and CVC Capital Partners, have decided to halt final bids until the city stabilizes.

These increasingly violent protests began as an opposition to an extradition bill, which has now been withdrawn. Over the weekend, police fired tear gas and rubber bullets in the Central business district, which houses many TEC offices.

In April, TEC was reportedly seeking a valuation of over $750 million and is on course to produce EBITDA of $46 million for this year according to a source.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Latest on Daily Digest

Access Solutions Provide An Edge To Coworking Spaces

Atlanta’s First Coworking And Cowarehousing Space Opens

IWG Signs Franchise Deal To Expand In The Philippines

Coworking Is Becoming The Top Choice For Workers

HR’s Role In Preparing For The Future Of Work

Niche Coworking Is The Key To Success

Remote Working Has Officially Become The Norm

Ad
Advertisement
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement

POPULAR ARTICLES

Advertisement
Advertisement

Stay On Top Of Your Game!

Subscribe To The Largest Publication On The Future Of Work And Receive Our TOP 10 News Stories Every Friday, Among Other Cool Stuff. 100% FREE

leaving so s0on?

Get A Free Subscription To Our Weekly Premium Publication

If It’s Affecting The Future Of Work, You’ll Know About It.