{"id":37160,"date":"2016-12-06T11:15:30","date_gmt":"2016-12-06T04:15:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-higher-on-sale-of-two-properties-for-a-total-hk1-55b\/"},"modified":"2016-12-06T11:55:54","modified_gmt":"2016-12-06T04:55:54","slug":"chinese-estates-shares-higher-on-sale-of-two-properties-for-a-total-hk1-55b","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-higher-on-sale-of-two-properties-for-a-total-hk1-55b\/","title":{"rendered":"Chinese Estates shares higher on sale of two properties for a total HK$1.55b"},"content":{"rendered":"<p>&#013;<br \/>\nShares of Chinese Estates Holdings open higher on Tuesday after it announced it would sell two properties to the long-time partner and son of controlling shareholder Lau Luen-hung for a combined HK$1.55 billion.<\/p>\n<p>Paul Y, a wholly owned subsidiary of Chinese Estates, agreed to sell a residential site at No 12 Shui Fai Terrace, Mid-Levels East for HK$1.05 billion to Chan Hoi-wan, according to a filing with the Hong Kong stock exchange.<\/p>\n<p>The sale comes two weeks after Lau, 65, was quoted as&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2052130\/chinese-estates-shares-higher-sale-two-properties-total\" target=\"_blank\">Chinese Estates shares higher on sale of two properties for a total HK.55b<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Shares of Chinese Estates Holdings open higher on Tuesday after it announced it would sell&#46;&#46;&#46;<\/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-37160","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\/p75ss1-9Fm","jetpack-related-posts":[{"id":48142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-sells-bank-to-wife-of-former-chairman-joseph-lau\/","url_meta":{"origin":37160,"position":0},"title":"Chinese Estates sells bank to wife of former chairman Joseph Lau","date":"March 15, 2017","format":false,"excerpt":"\r Chinese Estates Holdings Ltd said it\u2019s selling its holdings in a mainland bank to the wife of its former chairman, part of the programme by Hong Kong property magnate Joseph Lau Luen-hung to disburse his fortunes amid deteriorating health. The property company will sell 577.18 million shares of Shengjing\u2026","rel":"","context":"In &quot;Property News&quot;","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":37160,"position":1},"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 &quot;Property News&quot;","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":37160,"position":2},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-stock-up-after-selling-windsor-house-in-hong-kong-to-majority-shareholder\/","url_meta":{"origin":37160,"position":3},"title":"Chinese Estates stock up after selling Windsor House in Hong Kong to majority shareholder","date":"December 28, 2015","format":false,"excerpt":"\r Shares of Chinese Estates Holdings rose on Monday after the firm announced last week that it would sell its commercial building Windsor House in Causeway Bay to its controlling shareholder, Joseph Lau Luen-hung, for as much as HK$12 billion.\r \r Source : South China Morning Post\r Read more...Chinese Estates\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-offers-to-take-firm-private-after-selling-stake-in-debt-ridden-china-evergrande-at-loss\/","url_meta":{"origin":37160,"position":4},"title":"Chinese Estates offers to take firm private after selling stake in debt-ridden China Evergrande at loss","date":"October 6, 2021","format":false,"excerpt":"\r The 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\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/","url_meta":{"origin":37160,"position":5},"title":"Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income","date":"March 9, 2017","format":false,"excerpt":"\r A week after a major share restructuring by the former chairman Joseph Lau Luen-hung, Chinese Estates Holdings reported 2016 net profit fell 17.7 per cent due to a sharp drop in rental income and smaller gains in revaluation on properties as a result of continuing asset disposals. For the\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37160"}],"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=37160"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}