Property News · May 31, 2017

Chinese Estates’s subsidiary pockets HK$26m windfall profit from fast trades in Evergrande


Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung’s wife Chan Hoi-wan, has become a big winner in China Evergrande Group share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a few days.
Records from the Hong Kong stock exchange reveal that Fair Eagle Securities, a wholly-owned subsidiary of Chinese Estates, traded a high volume of Evergrande shares from mid to late May, capitalising on a sharp rally in the share price…

Source : South China Morning Post
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