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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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.