Property News · January 4, 2018

Little-known Fujian developer Thaihot snapping up prime tracts of Beijing land


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
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