Hui Xian REIT buys Shenyang project for $155 mln

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Nov 10 (Reuters) - Hui Xian Real Estate Investment Trust , controlled by tycoon Li Ka-shing, said on Thursday that it had agreed to buy a 70 percent interest in a property project in China's Liaoning province for 980 million yuan ($154.57 million).

Hui Xian, the first yuan-denominated REIT listed on the Hong Kong bourse, said in a statement it would buy the stake from a Cheung Kong unit which holds a hotel development complex in Shenyang in northeastern China.

Hui Xian will continue to explore opportunities to further increase its asset base, it said. ($1 = 6.340 yuan) (Reporting by Twinnie Siu and Donny Kwok; Editing by Jonathan Hopfner)