{"id":122422,"date":"2021-10-06T21:07:40","date_gmt":"2021-10-06T14:07:40","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-offers-to-take-firm-private-after-selling-stake-in-debt-ridden-china-evergrande-at-loss\/"},"modified":"2021-10-06T22:03:07","modified_gmt":"2021-10-06T15:03:07","slug":"chinese-estates-offers-to-take-firm-private-after-selling-stake-in-debt-ridden-china-evergrande-at-loss","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-offers-to-take-firm-private-after-selling-stake-in-debt-ridden-china-evergrande-at-loss\/","title":{"rendered":"Chinese Estates offers to take firm private after selling stake in debt-ridden China Evergrande at loss"},"content":{"rendered":"


\nThe family of Hong Kong magnate Joseph Lau Luen-hung is planning to take Chinese Estates Holdings private and on Wednesday offered an 83.5 per cent premium for shares held by minority owners.The family is offering HK$4 apiece to public investors in the Hong Kong-listed company, whose stock closed at HK$2.18 on September 28, the last trading day before it was suspended, according to a stock exchange filing. It will shell out a combined HK$1.9 billion (US$244.9 million) for the shares.Lau\u2019s\u2026
\n
\nSource : South China Morning Post
\nRead more…Chinese Estates offers to take firm private after selling stake in debt-ridden China Evergrande at loss<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The family of Hong Kong magnate Joseph Lau Luen-hung is planning to take Chinese Estates...<\/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-122422","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-vQy","jetpack-related-posts":[{"id":84530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firm-chinese-estates-increases-stake-in-china-evergrande\/","url_meta":{"origin":122422,"position":0},"title":"Hong Kong property firm Chinese Estates increases stake in China Evergrande","date":"April 4, 2018","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69458,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-builds-6-per-cent-stake-in-evergrande-as-stock-price-quadruples\/","url_meta":{"origin":122422,"position":1},"title":"Chinese Estates builds 6 per cent stake in Evergrande as stock price quadruples","date":"October 19, 2017","format":false,"excerpt":"\r Chinese Estates, a Hong Kong property developer, said on Thursday it has spent HK$12 billion in the past six months building a 6.2 per cent stake in China Evergrande, as the latter\u2019s stock quadrupled in the same period. At the same time, Chan Hoi-wan, an executive director of Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-run-by-family-of-fugitive-tycoon-joseph-lau-swings-from-interim-profit-to-loss-as-its-evergrande-shares-plummet\/","url_meta":{"origin":122422,"position":2},"title":"Chinese Estates, run by family of fugitive tycoon Joseph Lau, swings from interim profit to loss as its Evergrande shares plummet","date":"August 16, 2021","format":false,"excerpt":"\r Chinese Estates Holdings, a Hong Kong developer controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, has swung from profit to loss after getting burned by stock market investments including China Evergrande\u2019s plummeting shares.The company posted an interim loss of HK$35.5 million (US$4.56 million) for the six\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-estates-reports-us447-million-loss-for-2021-as-costs-of-china-evergrande-friendship-mount\/","url_meta":{"origin":122422,"position":3},"title":"China Estates reports US$447 million loss for 2021 as costs of China Evergrande friendship mount","date":"March 21, 2022","format":false,"excerpt":"\r Chinese Estates Holdings, a major ally of heavily-indebted Chinese developer China Evergrande Group controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, swung to a loss last year as China\u2019s housing market soured.The Hong Kong developer, chaired by Joseph Lau\u2019s son Lau Ming-wai, 41, reported a loss\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-cuts-its-losses-heads-for-exit-after-12-years-as-evergrandes-staunchest-ally-and-second-largest-shareholder\/","url_meta":{"origin":122422,"position":4},"title":"Chinese Estates cuts its losses, heads for exit after 12 years as Evergrande\u2019s staunchest ally and second-largest shareholder","date":"September 23, 2021","format":false,"excerpt":"\r China Evergrande Group\u2019s second-largest shareholder Chinese Estates Holdings has dumped a major chunk of Evergrande shares at a loss and signalled the potential sale of its entire stake, as the staunchest ally that kept the world\u2019s most indebted property developer afloat heads for the exit amid a debt crackdown.Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estatess-subsidiary-pockets-hk26m-windfall-profit-from-fast-trades-in-evergrande\/","url_meta":{"origin":122422,"position":5},"title":"Chinese Estates\u2019s subsidiary pockets HK$26m windfall profit from fast trades in Evergrande","date":"May 31, 2017","format":false,"excerpt":"\r Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung\u2019s wife Chan Hoi-wan, has become a big winner in China Evergrande Group share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a few days. Records from the Hong Kong stock exchange\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\/122422"}],"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=122422"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122422\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}