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 is 70% owned by HPEF - formerly HSBC's Asian private equity arm until a buyout in 2010 - 20% by CVC and 10% by management. 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 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 .