Shares of SPG Land (Holdings) surged 86.91 per cent on an announcement that mainland developer Greenland Holding Group will acquire a majority stake in the company.
SPG Land, a developer focusing on the development of high-end residential and integrated properties in the Yangtze River Delta, saw its shares up HK$3.32 to HK$7.14 after trading resumed in Hong Kong yesterday.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1234104/spg-land-shares-soar-news-stake-deal
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