China Everbright raises Ying Li stake
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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.
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