David Li boosts stake in Bank of East Asia
David Li Kwok-po, the chairman and chief executive of Bank of East Asia, increased his stake in the lender to 2.37 per cent from 2.33 per cent, according to a disclosure to the stock exchange.
It said Mr Li bought 500,000 shares at an average of HK$44.86 each on August 3, raising his total stake to 37.11 million shares.
The shares were worth HK$22.43 million based on the average purchasing price. Maria Chan
K Wah, Guangzhou R&F invest in mainland property sites
K Wah International acquired a 42,222 square metre commercial-residential site in Huadu district, northern Guangzhou, for 206 million yuan yesterday. The developer outbid China Vanke and Poly Real Estate Group by offering 4,598 yuan per square metre.