Hong Kong tycoon Joseph Lau and his wife suspected to have deposited 12% of CHINESE EST H shares into CCASS for the first time since the failed privatization in 2021
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Hong Kong tycoon Joseph Lau and his wife Chan Hoi Wan's Chinese Estates Holdings recently saw a significant change in their shareholding, with 12.1% of shares deposited into the Central Clearing and Settlement System (CCASS). This may be a precursor to the major shareholder Joseph Lau's family re-depositing shares into the system for future deployment. Previously, Chinese Estates Holdings had proposed a privatization plan, which did not go through. The current stock price of Chinese Estates Holdings is 71.5% lower than the privatization offer price
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