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















