A Hong Kong developer, who holds the record for some of the smallest abodes built in the city, lost more than 80 per cent of its market value last week after a massive sell-off led by its chairman and his wife.
Jiayuan International Group chairman Shum Tin Ching and his wife Wang Xinmei sold a combined 93.62 million shares on Thursday at an average price of HK$2.7, according to a Hong Kong stock exchange filing on Monday.
That accounts for 26 per cent of the trading volume on Thursday, and…
Source : South China Morning Post
Read more…Jiayuan share crash coincided with selling by chairman and his wife, disclosure shows















