Mid-tier property developer Chinese Estates Holdings has confirmed a South China Morning Post report that it was in talks with potential buyers that may lead to a buyout offer for the company. The Post reported yesterday that The Children's Investment Fund Management, the company's second-largest shareholder, Och Ziff Management, Marathon and Fortress Investment Group have looked at ways to buy the company in a joint bid. 'The board confirms that it has received expressions of interests in relation to the company from a number of parties,' Chinese Estates said in a stock exchange announcement last night. 'The board is in talks with some of these parties. These talks are at a preliminary and confidential stage and may or may not lead to an offer for the company.' Shares in Chinese Estates, which were suspended from trading yesterday pending the announcement, will resume trading today. Separately, Chinese Estates agreed to increase its stake in Kwong Sang Hong International, making the cosmetics firm its indirect fully-owned unit.