HONG KONG: CK Asset Holdings, founded by billionaire Li Ka-shing, said on Thursday it has submitted a bid for the Hong Kong headquarters of embattled Chinese developer Evergrande Group.

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Evergrande recently assigned real estate services group Cushman & Wakefield as the sole agent to sell the 345,000 square foot office building following a failed sale last year, the Financial Times reported on Thursday, citing sources, and the sale was expected to fetch a much lower figure this time, closer to HK$9 billion ($1.15 billion).