Hang Lung Properties, Parent Shares Rise on Property Purchase

Sept. 30 (Bloomberg) -- Hang Lung Properties Ltd. rose 3.9 percent to HK$25.35 in Hong Kong premarket trading after saying it and its parent bought two sites in Kunming in the southwest of China for 3.5 billion yuan.

Parent Hang Lung Group Ltd. climbed 10 percent to HK$43.40.

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To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net