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Evergrande reclaims property crown from Vanke

Published Mon, Aug 21, 2017 · 09:50 PM
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Hong Kong

AN UNEXPLAINED share surge for developer China Evergrande Group on Monday saw the company blow past China Vanke Co to reclaim the title of biggest Hong Kong-listed Chinese developer by market capitalisation.

On a day when positive news for the industry included China Overseas Land & Investment Ltd upgrading its sales target and Sunac China Holdings Ltd predicting a 15-fold jump in half-year net income, Evergrande shot ahead by 18 per cent - taking this year's gains to above 355 per cent.

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