Property News · April 4, 2018

Hong Kong property firm Chinese Estates increases stake in China Evergrande


Hong Kong property firm Chinese Estates Holdings and its executive director Chan Hoi-wan have raised their stake in mainland Chinese property developer China Evergrande to 8 per cent in the past 12 months, spending a total of HK$18 billion (US$2.3 billion).
Chan, the wife of former Chinese Estates chairman Joseph Lau Luen-hung, personally held 196.5 million shares in China Evergrande as of Wednesday noon, the mainland Chinese firm said in a stock exchange filing on Wednesday.
Analysts said the…

Source : South China Morning Post
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