Property News · December 4, 2017

Great Wall Pan Asia jumps 15pc after participation in Link Reit deal unveiled


Great Wall Pan Asia Holdings enjoyed a double-digit gain on Monday morning, after announcing it would pay HK$3.19 billion (US$410 million) as part of a joint venture purchasing 17 shopping centres in Hong Kong from the Link Reit.
Great Wall Pan Asia, which is part of China Great Wall AMC (International) Holdings, said late Friday it had agreed to purchase a 29.9 per cent stake in the joint venture that will acquire the Link Reit properties. Shares in Great Wall Pan Asia were up 15 per cent to…

Source : South China Morning Post
Read more…Great Wall Pan Asia jumps 15pc after participation in Link Reit deal unveiled