For $40.2 billion, CK Asset Holdings, owned by billionaire Li Ka-shing, has sold 75% of its ownership in The Center, one of Hong Kong's landmark high-rise towers.

The Hong Kong Economic Journal reported that the deal will be announced in the near future, without disclosing its information.

The Hong Kong Economic Journal reported that the deal will be announced in the near future, without disclosing the source of the information.

The Hong Kong Economic Journal reported that the deal will be announced in the near future, without disclosing the source of the information.

This revenue will provide CK Asset - which recently changed its name from CK Property - with funds to diversify away from its core real estate business.

<The Center - a 73-story building located in the central business district - is the fifth-tallest tower in the city, according to SkyScraper Center.