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Chris Cruse and Associates Real Estate Broker

eBook (PDF), 1 Pages
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Chinese Real Estate Billionaire Makes Big Bet On Bank Amid Worries About Financial System Amid worries in China about the exposure of its financial industry and investors to bust trust products, one of the country’s richest people is making a big bet on a bank. Hong Kong-listed Evergrande Real Estate Group, whose chairman Hui Ka Yan ranked No. 13 on the 2013 Forbes China Rich List with a fortune worth $5.4 billion, said on Friday it has spent 3.3 billion yuan, or $545 million, to buy a 4.5% stake in Beijing-based Huaxia Bank. Evergrande bought the shares on the open market at the Shanghai Stock Exchange, where Huaxia is listed, between Nov. 13 and Jan. 24, the real estate developer said in a statement after the end of trade.
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Product Details

Published
February 1, 2014
Language
English
Pages
1
File Format
PDF
File Size
144.86 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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