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China Everbright raises Ying Li stake

Published Tue, Dec 27, 2016 · 09:50 PM

Singapore

CHINA Everbright Ltd, the asset management arm of Chinese state-owned China Everbright Group, has increased its stake in Singapore-listed Chongqing developer Ying Li International Real Estate.

Disclosures late last Friday night showed China Everbright's indirect unit, State Alpha, buying 205 million shares, or 8.02 per cent of Ying Li, from Leap Forward, an investment vehicle owned by Liu Lai and Mok Kwok Kam.

China…

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Companies & Markets

Companies & Markets

China Everbright raises Ying Li stake

Companies & Markets

American Express beats profit estimates on strong spending by wealthy customers

Sheng Siong shareholders press for details on capital allocation, M&A opportunities

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

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