Property News · July 19, 2017

Future Land shares soar to near record in Hong Kong on founder’s plan to take developer private


Shares of Future Land Development jumped almost 14 per cent to an 11-day intraday high in Hong Kong, after the developer unveiled plans to take its business private.
Future Land’s shares soared to a record intraday high of HK$3.20 in Hong Kong when trading resumed after a seven-day halt, with more than 300 shares changing hands, the most heavily traded among Chinese property companies listed on the city’s bourse.
Future Land’s chairman Wang Zhenhua had offered HK$3.3 per share…

Source : South China Morning Post
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