Mar
20
Cheung Kong Property Rises to Two-Month High After Share Buyback
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Developer buys 0.3% of outstanding shares for HK$536 million
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Company trades at 50% discount to asset value, analyst says
Billionaire Li Ka-shing’s Cheung Kong Property Holdings Ltd. rose to the highest in more than two months after the company announced it had repurchased almost 0.3 percent of outstanding shares.
The shares rose as much as 4.1 percent to HK$48.70, the highest since Jan. 8, in Hong Kong. They have declined 3.6 percent this year, as the Hang Seng Properties Index has fallen almost 2 percent…
Cheung Kong Property Rises to Two-Month High After Share Buyback
