China fear clouding Ying Li valuation?

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.