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Chinese property is now up 5.54%, boosted by chairman's increasing holdings

Source: Internet
Author: User
Keywords Shares stock prices Hong Kong dollar
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Buoyed by increased holdings by the company's chairman, Chinese Estates (00127-HK) is now up 5.54%, at HK $13.34, at HK $35.7586 million. According to the SEHK, Joseph Lau billionaire on the average price of HK $12.67 per share this week (1st) with an increase of 1.557 million shares in the shares, involving about HK $19.73 million.　　Joseph Lau billionaire has increased its stake in China 11 degrees since May, from 70.24% to 71.48%. Generally speaking, when the company's management bullish on their own stock prices, or that the current stock prices do not reflect the strength of the company, the company's management will take an overweight or corporate repurchase way to vote for the company confidence.

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