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Greentown surges in HK on share sale

Thursday, December 25, 2014 - 05:50
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Greentown China Holdings Ltd, whose chairman ended a share sale to a rival developer, surged the most in 2½ years in Hong Kong after it agreed to sell 24 per cent of the company to a state-owned construction group.

Hong Kong

GREENTOWN China Holdings Ltd, whose chairman ended a share sale to a rival developer, surged the most in 2½ years in Hong Kong after it agreed to sell 24 per cent of the company to a state-owned construction group.

The shares of Greentown, based in Hangzhou in eastern