China's Shi Jianxing has teamed with Hong Kong's Ng See Yuen and Tsui Siuming to take control of ShiFang Holding Limited (SEHK:1831). ShiFang Holding Limited is planning to reverse itself into Shanghai Hehe Film. The Germans are selling 75 Dorcas Street, a commercial tower with almost 24,000 square metres of office in South Melbourne, on the fringe of the CBD.

Nick Rathgeber and Leigh Melbourne of Colliers International were appointed to find a buyer for the South Melbourne asset.