Land Registry records showed a house at 33 Tung Tau Wan Road changed hands on June 1, with the purchaser registered as Permanence International Hong Kong. Company Registry filings showed the firm’s directors were Mao Yuankai and Huang Ying, names matching those of the president of Tibet Summit Resources and his wife.
The property spans about 6,700 sq ft and comprises a three-storey detached house with a swimming pool, garden and multiple parking spaces. The saleable area is about 4,814 sq ft.
The property was acquired for HK$300 million in 2011 by a company linked to veteran investor Lai Wing-to, records showed. After falling into receivership last year, it was marketed at HK$345 million before being sold for HK$220 million, representing a loss of HK$80 million, or about 27 per cent, compared with the 2011 purchase price.
The company did not respond to requests for comment.