Property News · November 1, 2016

China Evergrande lifts stake in Vanke to 7 per cent


Property giant China Evergrande Group has further raised its stake in rival China Vanke to 7 per cent from 6.82 per cent, according to a stock exchange statement.
Vanke’s Hong Kong shares hit a two-month high of HK$20.9 by 10:53 am. Its shares in Shenzhen also rose 0.8 per cent to 25.12 yuan.
Evergrande, which is chaired by Hui Ka-yan, named recently by Forbes as China’s ninth richest man worth US$9.6 billion, became the third largest shareholder in Vanke, the country’s…

Source : South China Morning Post
Read more…China Evergrande lifts stake in Vanke to 7 per cent

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