Greentown Posts Record Gain After Wharf Deal

Greentown Posts Record Gain After Wharf Deal

David Paul Morris/Bloomberg

The logo of Times Square, a development of Wharf (Holdings) Ltd. Wharf shares fell 3.6 percent in Hong Kong, the most in a month and the biggest decline on the city’s benchmark Hang Seng Index. The developer would hold 24.6 percent of Greentown after the stock purchase, and raise that to 35.1 percent should it convert the notes, according to last week’s statement.