Ying Li down 9.6% after married deal disclosure

Singapore

SHARES of Chongqing commercial developer, Ying Li International Real Estate, were hotly traded this week and experienced a roller-coaster ride. This comes after news that its executive chairman and CEO Fang Ming had disposed of some shares in a S$20.7 million married deal with Chinese state-owned China Everbright Group.

It also comes after a stock surge on Tuesday where the counter surged 15.6 per cent to close at 17.8 Singapore cents, with some 222.8 million shares traded - prompting a query from the Singapore Exchange (SGX).