Chinese Estates cited ‘optimism’ about the overall prospects of Evergrande, which develops large-scale residential and commercial properties in the mainland. Photo: AFP

Chinese Estates builds 6 per cent stake in Evergrande as stock price quadruples

The value of the company’s shares in Evergrande, combined with Chan Hoi-wan’s personal holding, has surpassed its own market cap

Topic |   Hong Kong property

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Chinese Estates cited ‘optimism’ about the overall prospects of Evergrande, which develops large-scale residential and commercial properties in the mainland. Photo: AFP
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