Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman.
Shares in the company soared by as much as 18 per cent, amid a 0.84 per cent decline in the Hang Seng Index, when news of the sale broke. Its stock closed at 30,378 on Wednesday morning.
Goldin Financial will sell a 60 per cent stake in a residential project…
Source : South China Morning Post
Read more…Hong Kong conglomerate Goldin Financial’s stock soars on plan to sell property worth US.6 billion to chairman
