Property News · August 30, 2017

Evergrande shares rise to record as Hong Kong’s China Estates keeps up its buying


Shares of China Evergrande Group rose to a fresh all-time high on Wednesday as Chinese Estates Holdings, controlled by Hong Kong tycoon Joseph Lau Luen-hung’s wife Kimbie Chan Hoi-wan, continued to build a stake in the property giant.
An announcement by Chinese Estates on Monday night showed it had bought another 111 million shares in Evergrande between July 19 and August 29, making its total interest 5.83 per cent. It also said Chan personally held 35 million shares or 0.27 per cent of…

Source : South China Morning Post
Read more…Evergrande shares rise to record as Hong Kong’s China Estates keeps up its buying

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