HK's developer Goldin at 3-month high on deal to replenish land portfolio

Goldin Financial Holdings

17/04/2019 06:35

** Shares of property developer and financial investment
firm Goldin Financial Holdings Ltd  0530.HK  climb as much as
5.4 pct to HK$2.75, their highest since Jan 22
    ** Co plans to buy a 40 pct stake it does not already own in
a land parcel in Hong Kong's Kai Tak for HK$2.2 bln ($280.5
mln), as it replenishes land portfolio for its property
development  urn:newsml:reuters.com:*:nFWN21Y0GL
    ** As of last close, stock down 10.9 pct so far this year
    ** The Hong Kong-based company has underperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 0.3 percentage
points in the past one month
    ** The Hong Kong Hang Seng property sub-index  .HSNP  eases
0.5 pct, and the benchmark index  .HSI  edges won 0.1 pct

($1 = 7.8433 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)