Hong Kong-listed Hui Xian Real Estate Investment Trust (Reit) is acquiring a stake in a property venture in China's Liaoning province for $154.57 million, Reuters reports. The yuan-denominated Reit will take over a 70 percent holding.

A Cheung Kong unit, which owns a hotel development complex in Shenyang in northeastern China, is selling the interest. Hui Xian is the first yuan-denominated REIT listed on the Hong Kong exchange.

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