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Evergrande has ally against shorts as billionaire Lau invests

Thursday, July 20, 2017 - 05:50

Shanghai

IT TURNS out China Evergrande Group, the indebted developer which earlier this year fought off short sellers, had a hidden ally.  

Chinese Estates Holdings Ltd, the company controlled by Hong Kong billionaire Joseph Lau and his family, bought HK$8.1 billion (S$1.4 billion

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