Joseph Lau (Centre) and his wife Chan Hoi Wan. South China Morning Post via Getty Images Joseph Lau and his wife Chan Hoi Wan have proposed to take Chinese Estates Holdings private for HK$1.91 billion ($245 million) after incurring steep losses on its investment in cash-strapped China Evergrande Group. Chinese Estates said in a filing to the Hong Kong exchange that it’s offering HK$4 apiece to acquire the 25% of the company’s shares that are held by outside investors. The firm said the offer represents a premium of approximately 83.5% over its closing price of HK$2.18 on September 28, the day b… Click below to read the full story from Forbes
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Hong Kong Billionaire Plans To Take Chinese Estates Private After Losses From Evergrande
