Disbanding Hong Kong teachers’ union in HK$175 million property deal with local medical group

A teachers’ union in Hong Kong that has decided to disband is selling a property where one of its supermarkets was located to a medical group for HK$175 million.The deal was announced a week after the Professional Teachers’ Union (PTU) closed its two supermarkets and amended its constitution to speed up its disbandment after pressure from the city government and Chinese state media.Revealed in a circular posted on the Hong Kong Exchanges and Clearing’s website on Friday, the union agreed to…