5 Must-Read News | Link REIT Sells Singapore Retail Property for $1.5 Billion

SighingCashier · 2026-04-08T11:25:18+00:00

Link REIT sells retail property in Singapore for 250 million SGD (approximately 1.54B HKD). Hong Kong stocks surged significantly as Middle East tensions eased, with the Hang Seng Index rising 776 points. The data breach incident at the Hospital Authority led to the arrest of an outsourced developer. Deloitte predicts that Hong Kong will maintain its top three global IPO ranking until 2026. Alibaba reorganizes its AI division, establishing a Technical Committee to accelerate AI development.

SighingCashier

2026-04-08 11:25:18

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Link REIT sells for HK$1.5 billion new Singapore retail properties

Link REIT (00823) announced that it will dispose of its interests in a Singapore retail property, Swing By @ Thomson Plaza, for a consideration of S$250 million (about HK$1.536 billion).

Hang Seng Index resumes after holiday: rises 776 points; Tech Index surges more than 5%; Northbound capital outflows of HK$21.5 billion

As tensions in the Middle East ease, the U.S. and Iran agreed to a conditional ceasefire for two weeks. Hong Kong stocks opened higher and closed up strongly, with technology shares leading the rally. The Hang Seng Index rose 776 points for the day to close, but it is still capped by the 26,000 level.

Hospital Authority | Data leak in Kowloon East network; police detain a 30-year-old outsourced system developer

The Hospital Authority’s Kowloon East Hospital Cluster had earlier experienced a data leak involving 56,000 patients. Yesterday, the police arrested a 30-year-old outsourced contractor system developer on a charge of “dishonest use of a computer.”

New share IPO | Deloitte expects Hong Kong to be able to firmly hold its place among the world’s top three this year

Deloitte estimates that, for the full year 2026, Hong Kong will have about 160 new shares listed for fundraising of at least 300 billion (HKD). This is expected to enable Hong Kong to maintain its place among the world’s top three for the whole year.

5.9988 | Alibaba adjusts AI organizations; sets up a group technology committee

Alibaba (09988) Chief Executive Officer Eddie Wu Yongming issued an internal memo announcing adjustments to AI-related organizations, including establishing a group technology committee, upgrading the Tongyi large model business unit, and accelerating AI buildout.

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