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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Chinese Estates Holdings Ltd    0127   BMG2108M2182

CHINESE ESTATES HOLDINGS LTD (0127)
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Chinese Estates : Raises Stake in China Evergrande to 5.83%

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08/29/2017 | 11:35am CEST
   By Joanne Chiu 
 

Chinese Estates Holdings Ltd. (>> Chinese Estates Holdings Ltd) has raised its stake in China Evergrande Group (>> China Evergrande Group) in the open market to 5.83%, without disclosing the additional purchase cost.

The latest disclosure by the Hong Kong investment-holding company came after it said last month that it had bought 655.21 million shares in the Chinese developer between April and mid-July for 8.1 billion Hong Kong dollars (US$1.04 billion), representing around a 5% stake in China Evergrande.

It said executive director Chan Hoi-wan holds 35 million shares, or a 0.27% stake, in China Evergrande.

Write to Joanne Chiu at [email protected]

Stocks mentioned in the article : Chinese Estates Holdings Ltd, China Evergrande Group
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -2.16% 19.96 End-of-day quote.-26.89%
CHINESE ESTATES HOLDINGS LTD -1.40% 9.83 End-of-day quote.-21.98%
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NameTitle
Sze Wan Chan Chief Executive Officer & Executive Director
Ming Wai Lau Chairman
Chi Ming Kong Head-Operations
Yuk Wai Lau Non-Executive Director
Kwok Wai Chan Independent Non-Executive Director
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