At long last, Art Basel has full ownership of its Hong Kong edition, with parent company MCH Swiss Exhibition (Basel) Ltd. having finally acquired the remaining 40 percent of shares in Asian Art Fairs Limited in Hong Kong.
Art Basel's purchase of Asian Art Fairs was first announced on July 1, 2011. At that time, MCH Group picked up 60 percent of the company's shares, with the option of enacting a complete buyout in 2014.
