Sale of the Executive Centre has been postponed due to concerns that ongoing , violent protests in Hong Kong and China ’s rocky bidding process could affect its valuation . Final bids for the Hong Hong - based flexible office provider were due in late September , but the two private equity firms looking to sell their combined 90 % stake have reportedly decided to suspend the process until prices improve . The company , which was founded in 1994 , operates more than 130 flexible office centres in 32 cities in Asia and the Middle East . Its Hong Kong offices contribute about 30 % of its EBITDA . Although no price has been openly discussed , a report in the Financial Times in April suggested the owners were seeking a valuation of more than $ 750 million .
Sale of the Executive Centre has been postponed due to concerns that ongoing, violent protests in Hong Kong and WeWork’s rocky IPO process could depress its valuation. Final bids for the Hong Hong-based flexible office provider were due in late September, but the two private equity firms looking to sell their combined 90% stake have reportedly decided to suspend the process until conditions stabilise. The company, which was founded in 1994, operates more than 130 flexible office centres in 32 cities in Asia and the Middle East. Its Hong Kong offices contribute about 30% of its EBITDA. Although no price has been openly discussed, a report in the Financial Times in April suggested the owners were seeking a valuation of more than $750m.