Shares in Chinese developer Thaihot Group rallied to their daily upper limit again on Thursday, after it took full control of a prime plot of land in Beijing – taking many of its industry peers by surprise at a time when most continue to be increasingly cautious in what’s continues to be a distinctly cool market in the city.
The Fujian province-based firm, headed by chairman Huang Qisen, has now bought Overseas Chinese Town (OCT) Enterprises’ 51 per cent share in a project…
Source : South China Morning Post
Read more…Little-known Fujian developer Thaihot snapping up prime tracts of Beijing land















