Property News · December 27, 2016

Here’s a HK$100 bet that HNA will win its third bid for Kai Tak land, for another record price


Money Matters will bet HK$100 on Chinese conglomerate HNA Holding Group putting down another jaw-dropping sum of money to win its third bid for the residential site in Kai Tak.
Not that I have a crystal ball or know any insider in the conglomerate. It’s simply a logical deduction from the high leverage asset game mainland Chinese corporates have been playing these days.
To understand it, one must know the prime aim of most corporate actions nowadays – get the money out of China….

Source : South China Morning Post
Read more…Here’s a HK0 bet that HNA will win its third bid for Kai Tak land, for another record price

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