(Bloomberg) -- Shares of Chinese Estates Holdings
Ltd., the Hong Kong developer run by brothers Joseph and Thomas
Lau, posted their biggest gain since 2003 after the company said
it's in talks with investors who may offer to buy it.
The stock rose 21 percent to HK$14.84 at 10:20 a.m. in Hong
Kong, after gaining as much as 30 percent as trading resumed in
the wake of the takeover talks announcement. The shares have now
gained 65 percent this year, valuing the company at HK$33.6
billion ($4.3 billion).
Read more at Bloomberg Emerging Markets News
Ltd., the Hong Kong developer run by brothers Joseph and Thomas
Lau, posted their biggest gain since 2003 after the company said
it's in talks with investors who may offer to buy it.
The stock rose 21 percent to HK$14.84 at 10:20 a.m. in Hong
Kong, after gaining as much as 30 percent as trading resumed in
the wake of the takeover talks announcement. The shares have now
gained 65 percent this year, valuing the company at HK$33.6
billion ($4.3 billion).
Read more at Bloomberg Emerging Markets News
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