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VisitWhat will be China Aoyuan's stock price performance by the end of Q1 2025?
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Publicly available stock price data from Hong Kong Stock Exchange
China Aoyuan Shares Surge Over 100%, Nearly Double After UAE Firm Buys 621.7 Million Shares
Sep 23, 2024, 08:48 AM
Chinese property developer China Aoyuan's shares surged over 100% in Hong Kong on Monday following the announcement that UAE investment firm Multi Gold Group Limited has become its biggest shareholder. Multi Gold Group has joined the Board of Directors and acquired 621.7 million shares, making it the new controlling shareholder. This strategic investment has significantly boosted the market confidence in China Aoyuan, leading to a substantial increase in its stock price, which nearly doubled as of 11.20 a.m.
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