Evergrande chairman Hui Ka-yan. The company’s shares rose 5.5 per cent after announcing it had bought state-owned property developer Shenzhen Investment for US$814 million. Photo: Nora Tam

Evergrande snaps up Shenzhen Investment’s property assets for US$814 million

Evergrande shares hit new all-time high, building on previous gains after Morgan Stanley report on Wednesday

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Evergrande chairman Hui Ka-yan. The company’s shares rose 5.5 per cent after announcing it had bought state-owned property developer Shenzhen Investment for US$814 million. Photo: Nora Tam
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