{"id":53073,"date":"2017-04-27T13:04:16","date_gmt":"2017-04-27T06:04:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-plunge-in-hong-kong-as-buyback-close-to-breaching-free-float-requirement\/"},"modified":"2017-04-27T13:09:53","modified_gmt":"2017-04-27T06:09:53","slug":"evergrande-shares-plunge-in-hong-kong-as-buyback-close-to-breaching-free-float-requirement","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-plunge-in-hong-kong-as-buyback-close-to-breaching-free-float-requirement\/","title":{"rendered":"Evergrande shares plunge in Hong Kong as buyback close to breaching free float requirement"},"content":{"rendered":"


\nMainland Chinese property tycoon Hui Ka-yan has spent more than 6 billion yuan (US$871 million) in the past month to boost the share price of his China Evergrande Group in Hong Kong, but the plan is seemingly backfiring now that the buyback is reaching the upper limit set by the city\u2019s securities regulator, sending the stock plummeting.
\nThe company, China\u2019s largest homebuilder, spent 6.3 billion yuan to buy 5.3 per cent of its shares over the past four weeks, during which time the…
\n
\nSource : South China Morning Post
\nRead more…Evergrande shares plunge in Hong Kong as buyback close to breaching free float requirement<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mainland Chinese property tycoon Hui Ka-yan has spent more than 6 billion yuan (US$871 million)...<\/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-53073","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-dO1","jetpack-related-posts":[{"id":171806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-liquidators-seek-us8-4-billion-from-pwc-entities-in-hong-kong-lawsuit\/","url_meta":{"origin":53073,"position":0},"title":"Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit","date":"May 18, 2026","format":false,"excerpt":"\r The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm\u2019s global coordinating arm assumed responsibility for audits linked to the collapsed developer\u2019s accounting scandal. Evergrande\u2019s liquidators, Tiffany\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shares-in-developer-china-evergrande-slid-amid-buyback-concerns\/","url_meta":{"origin":53073,"position":1},"title":"Shares in developer China Evergrande slid amid buyback concerns","date":"April 27, 2017","format":false,"excerpt":"\r \r \r Source : ft.com\r Read more...Shares in developer China Evergrande slid amid buyback concerns","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-plunge-as-much-as-87-as-trading-resumes-after-17-months\/","url_meta":{"origin":53073,"position":2},"title":"Evergrande shares plunge as much as 87% as trading resumes after 17 months","date":"August 28, 2023","format":false,"excerpt":"\r Evergrande shares tumbled as much as 87% on the Hong Kong Stock Exchange on Monday, to as low as 22 Hong Kong cents.\r \r Source : cnbc.com\r Read more...Evergrande shares plunge as much as 87% as trading resumes after 17 months","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-lifts-stake-in-vanke-to-7-per-cent\/","url_meta":{"origin":53073,"position":3},"title":"China Evergrande lifts stake in Vanke to 7 per cent","date":"November 1, 2016","format":false,"excerpt":"\r Property giant China Evergrande Group has further raised its stake in rival China Vanke to 7 per cent from 6.82 per cent, according to a stock exchange statement. Vanke\u2019s Hong Kong shares hit a two-month high of HK$20.9 by 10:53 am. Its shares in Shenzhen also rose 0.8 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-evergrande-tops-chinese-businesses-taking-assets-off-hong-kong-tycoons\/","url_meta":{"origin":53073,"position":4},"title":"Developer Evergrande tops Chinese businesses taking assets off Hong Kong tycoons","date":"December 29, 2015","format":false,"excerpt":"\r Chinese developer Evergrande Real Estate on Tuesday announced it is buying five projects from Hong Kong tycoon Cheng Yu-tung\u2019s New World Development Group and Chow Tai Fook Enterprises for 20.4 billion yuan (HK$24.4 billion), in the latest instance of cash-rich mainland i\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firm-chinese-estates-increases-stake-in-china-evergrande\/","url_meta":{"origin":53073,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53073"}],"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=53073"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53073\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}