Hong Kong Billionaire Invests in UK Social Housing

Hong Kong billionaire, Cheung Yu-tung, and two other Hong Kong investors, Cheng’s Chow Tai Fook Enterprises Ltd developer Sammy Lee, and businessman Peter Fung, have spent £30 million gaining 61% of Pinnacle Regeneration Group Limited. Pinnacle Regeneration Group Limited manages 22,000 homes in the UK, and the British government is planning cuts in social housing

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