In May 2011 MCH Swiss Exhibition (Basel) announced that it had snapped up a controlling stake in ART HK, the biggest annual event for Hong Kong's art scene and perhaps for all of Asia's.

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Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel Hong Kong.) The fair closes Sunday.

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