Property News · September 21, 2017

Chinese developer Kaisa soars 26pc as Hong Kong tycoon Lau’s family investment boosts confidence


Shares of Chinese property developer Kaisa Group soared 26 per cent on Thursday morning after it was revealed that tycoon Joseph Lau’s family has invested nearly US$1.2 billion in the company’s offshore debts.
Lau’s family, led by his wife Kimbie Chan Hoi-wan, along with their company, Chinese Estates, and several investment partners, have bought US$1.2 billion of Kaisa’s bonds, with the family itself accounting for over 90 per cent of the total, a Chinese Estates…

Source : South China Morning Post
Read more…Chinese developer Kaisa soars 26pc as Hong Kong tycoon Lau’s family investment boosts confidence