Hong Kong tycoon with exploiting spirit Richard Li seems interested in doing some extraordinary matters.
When he sold PCCW to consortium led by Francis Leung Pak-to, he provided the unreadable payment way - raising money by seller; and now, he is doing another unusual thing - he will provide the partial subsidies for the sale of Pacific Century Place which owned by Pacific Century Group and was sold with 200 billion yen ($1.7 billion) last week - Mr Li is the group's largest shareholder with 75% interest.
Li sold the group's landmark building in Japan to KK DaVinci Advisors who operates the largest private real estate fund of Japan.
Calculating in 44 thansoud yen each tsubo - Pacific Century Palace's average monthly rent, DaVinci's discount rate is about 2.6%. So, Japan fund hardly approved the deal's nationality to its investors.
However, sources related to deal unveiled PCG provided a rent subsidies for DaVinci, which the rent of PCG keeps the level of 55 thousand yen each tsubo in three years. DaVinci will pick-up catipal from a trust account each month to make up of the gap of the rent.