{"id":108694,"date":"2019-07-03T18:21:19","date_gmt":"2019-07-03T11:21:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-lands-shares-make-their-biggest-one-day-plunge-since-2012-hong-kong-ipo-wiping-out-us1-9-billion-after-founders-arrest\/"},"modified":"2019-07-03T19:03:29","modified_gmt":"2019-07-03T12:03:29","slug":"future-lands-shares-make-their-biggest-one-day-plunge-since-2012-hong-kong-ipo-wiping-out-us1-9-billion-after-founders-arrest","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-lands-shares-make-their-biggest-one-day-plunge-since-2012-hong-kong-ipo-wiping-out-us1-9-billion-after-founders-arrest\/","title":{"rendered":"Future Land\u2019s shares make their biggest one-day plunge since 2012 Hong Kong IPO, wiping out US$1.9 billion after founder\u2019s arrest"},"content":{"rendered":"


\nShares of Future Land Development Holdings Limited, a Shanghai-based property developer, plunged by the most since their 2012 listing in Hong Kong after the company\u2019s founder and chairman Wang Zhenhua was detained by Chinese police over a child molestation charge.The stock plummeted by 23.9 per cent in the last hour of trading in Hong Kong to a five-week low of HK$8.04, wiping out HK$14.86 billion (US$1.9 billion) in market value. Shares of Seazen Holdings, also founded and chaired by Wang,\u2026
\n
\nSource : South China Morning Post
\nRead more…Future Land\u2019s shares make their biggest one-day plunge since 2012 Hong Kong IPO, wiping out US.9 billion after founder\u2019s arrest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Future Land Development Holdings Limited, a Shanghai-based property developer, plunged by the most...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108694","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sh8","jetpack-related-posts":[{"id":61176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-land-shares-soar-to-near-record-in-hong-kong-on-founders-plan-to-take-developer-private\/","url_meta":{"origin":108694,"position":0},"title":"Future Land shares soar to near record in Hong Kong on founder\u2019s plan to take developer private","date":"July 19, 2017","format":false,"excerpt":"\r Shares of Future Land Development jumped almost 14 per cent to an 11-day intraday high in Hong Kong, after the developer unveiled plans to take its business private. Future Land\u2019s shares soared to a record intraday high of HK$3.20 in Hong Kong when trading resumed after a seven-day halt,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/iphones-biggest-screen-maker-seeks-to-raise-hk10-billion-in-hong-kong-ipo\/","url_meta":{"origin":108694,"position":1},"title":"iPhone\u2019s biggest screen maker seeks to raise HK$10 billion in Hong Kong IPO","date":"June 16, 2017","format":false,"excerpt":"\r Every swipe on a smartphone brings a smile to Yeung Kin-Man\u2019s face. The founder of Biel Crystal Manufactory Ltd. is the world\u2019s largest producer of cover glass, used in two of every three of Apple\u2019s iPhones sold in the world. Yeung plans to sell Biel\u2019s shares on the Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-shares-plunge-on-leecos-worsening-crisis\/","url_meta":{"origin":108694,"position":2},"title":"Sunac China shares plunge on LeEco\u2019s worsening crisis","date":"July 7, 2017","format":false,"excerpt":"\r Shares of Sunac China slumped in Hong Kong on Friday as investors fear that the developer could suffer a big loss from its 15 billion yuan (US$2.2 billion) bet on the cash-strapped LeEco Group, and would be forced to take over operations of the group\u2019s core business. Sunac shares\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-joseph-lau-pockets-us2-million-paper-gain-after-buying-shares-of-troubled-developer-future-land\/","url_meta":{"origin":108694,"position":3},"title":"Chinese Estates\u2019 Joseph Lau pockets US$2 million paper gain after buying shares of troubled developer Future Land","date":"July 12, 2019","format":false,"excerpt":"\r Joseph Lau Luen-hung, the Hong Kong billionaire owner of Chinese Estates Holdings, is estimated to have pocketed HK$15 million (US$1.9 million) of paper gains in a week through an astute punt in one of China\u2019s biggest real estate developers.Fair Eagle Securities, a wholly-owned unit of Chinese Estates, bought nearly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63224,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-shares-jump-to-record-as-hong-kong-property-spin-off-plan-revealed\/","url_meta":{"origin":108694,"position":4},"title":"Wharf shares jump to record as Hong Kong property spin-off plan revealed","date":"August 9, 2017","format":false,"excerpt":"\r Wharf Holdings, one of Hong Kong\u2019s biggest landowners, saw its shares surge 15 per cent today after it unveiled plans to spin off its core commercial assets in the city into a separate listing. Wharf said it is carving out six investment properties in Hong Kong with a market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shares-of-kaisa-units-tumble-in-hong-kong-even-as-they-distance-themselves-from-the-travails-of-their-indebted-parent\/","url_meta":{"origin":108694,"position":5},"title":"Shares of Kaisa units tumble in Hong Kong even as they distance themselves from the travails of their indebted parent","date":"November 16, 2021","format":false,"excerpt":"\r The shares of two units of China\u2019s Kaisa Group plunged to multi-year lows in Hong Kong after emerging from a seven-day trading halt, even as they tried to draw a distance from their embattled parent, which has missed payments on an offshore bond and high-yielding financial products.Kaisa Prosperity Holdings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108694"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=108694"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108694\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}