China fear clouding Ying Li valuation?
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INVESTORS would typically be excited when a stronger entity takes a stake in a company. Especially when the stronger entity is linked to state-owned conglomerate China Everbright Group, and the company in question is a property developer which could use some funds to reduce its debt levels and grow.
Not so this time.
Since asset manager China Everbright Limited announced it was investing $284 million in Singapore-listed Chongqing developer Ying Li International Real Estate, market reaction has been cold.
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