Ex-Billionaire Abandons Office in Prime Hong Kong Tower
- Chinese tycoon’s company cuts short lease in IFC building
- Move follows setback in $50 billion Nicaragua canal deal
Photographer: Jerome Favre/Bloomberg
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Former billionaire Wang Jing, who agreed to build a canal across Nicaragua to rival the Panama Canal, has abandoned his office in Hong Kong island’s tallest skyscraper.
HK Nicaragua Canal Development Investment Co., a subsidiary of a company owned by Wang, surrendered its lease agreement on April 18 for suites on the International Finance Centre’s 18th floor. The company had renewed a three-year lease for the offices in January 2016, with the option to extend for a further three years, according to Hong Kong’s land registry. The lease agreement was initially for HK$2.1 million per month.