Pursuits
Billionaire Pan Sutong’s Goldin Companies Plunge in Hong Kong
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Goldin Properties Holdings Ltd., the developer run by billionaire Pan Sutong, tumbled the most on record in Hong Kong. Sutong’s Goldin Financial Holdings Ltd. also plunged.
Goldin Properties sank as much as 52 percent to HK$11.56 as of 10:38 a.m. local time, while Goldin Financial lost 50 percent. The benchmark Hang Seng Index fell 0.2 percent. Goldin Properties doesn’t have an explanation for the stock decline, Chief Financial Officer Kenas Chan said.