Evergrande Property Services tumbles after $341m block

Jonathan Breen

June 02, 2021 09:15 am

Hong Kong_property_adobe_12May_575 — Aerial view of Yick Fat Building, Quarry Bay, Hong Kong. Residential area in old apartment with windows. High-rise building, skyscraper with windows of architecture in urban city. | tampatra - stock.adobe.com

An unnamed shareholder has raised HK$2.65bn ($341m) from a sale of shares in Evergrande Property Services Group, sending the stock into a downward spiral on Wednesday.

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UBS Equity China Merchants Bank Co China Hong Kong SAR Asia Greater China Northeast Asia Asia Pacific ABBs-Block Trades Emerging Markets

JB

Jonathan Breen

Equities editor GlobalCapital Asia