News: VCX BUZZ-HK's Link hits over 8-week high on buying three retail properties in Sydney CBD

** Units of Link Real Estate Investment Trust 0823.HK jump 2.2% to HK$70.20, their highest since Sept. 10

** The unit on course for the biggest daily percentage gain since Sept. 30; the fourth biggest percentage gainer on the Hang Seng sub-index tracking property firms .HSNP

** Hong Kong-listed Link said it has agreed to buy 50% interests in three retail properties in Sydney central business district (CBD) for A$538.2 mln ($398.16 mln) as it aims to diversify and improve its portfolio mix

** Says the acquisition will be funded by cash and debt, and Link's ratio of debt to total assets will increase to 21.4% from 20.1% based on its financial position at end-March 2021

** The Hang Seng sub-index tracking property firms .HSNP and Hang Seng Composite Index tracking properties and construction stocks .HSCIPC both climb 0.7%

** The Hang Seng China Enterprises Index .HSCE slips 0.5%, and the benchmark index .HSI eases 0.6%