Investors expressed high hopes for Vanke Property (Overseas), a subsidiary of the mainland's biggest developer, China Vanke, pushing the share price of the Hong Kong-listed unit up 12.95 per cent yesterday.
Vanke Property closed at HK$17.10 after its shares resumed trading following a one-day suspension on Thursday.
Yesterday's close represented a 175.4 per cent gain on the closing price of HK$6.21 on July 16 last year, when China Vanke completed the acquisition of a 75 per cent stake in the Hong Kong company.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1136276/offshore-hopes-trigger-rally-vanke-property
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