by Diamond String, a 76.57% group-owned entity. In November 2007, it was announced that China Construction Bank ("CCB") would take a 40% stake in the company for a consideration of HK$1.37 billion, while LSD stake would fall to 60%. The project to redevelop the site as an office tower, due to complete in 2011, will be partly occupied by the CCB. The hotel formally closed its doors on 1 January 2008, See also AIG Tower Furama Kempinski Hotel References Companies listed on the Hong Kong Stock Exchange Land developers of Hong Kong Real estate companies established in 1987 Lai Sun Group