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CORRECTION: THIS ARTICLE HAS BEEN UPDATED TO ACCURATELY REFLECT WHAT IS KNOWN ABOUT THE IDENTITY OF THE BUYER.

The Chinese University of Hong Kong has disputed reports that it bid on the New Hampshire campus of the now-defunct Daniel Webster College, saying in a statement that it "has not bidden for or purchased" the site.

Inside Higher Ed first reported the $11.6 million purchase last Friday, citing reporting from The Concord Monitor. On Saturday, another New Hampshire paper, the Union Leader, said it had previously been told that the buyer of the campus is affiliated with the Chinese University of Hong Kong but had since been told by a university representative that is not accurate. A lawyer for the buyer, Sui Liu, told the paper: “All I can tell you is that my client intends to restore the college and reopen it as soon as we can.”