Property News · October 19, 2017

Chinese Estates builds 6 per cent stake in Evergrande as stock price quadruples


Chinese Estates, a Hong Kong property developer, said on Thursday it has spent HK$12 billion in the past six months building a 6.2 per cent stake in China Evergrande, as the latter’s stock quadrupled in the same period.
At the same time, Chan Hoi-wan, an executive director of Chinese Estates and the wife of former chairman Joseph Lau, had informed the company she personally held 100 million shares in Evergrande as of noon of Thursday, according to a filing to the stock exchange.
The…

Source : South China Morning Post
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