Deals
Greentown Rises Most on Record After Wharf Deal: Hong Kong Mover
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Greentown China Holdings Ltd. rose by a record in Hong Kong trading after Wharf Holdings Ltd. agreed to invest HK$5.1 billion ($657 million) in the developer, easing concerns of a funding squeeze.
Greentown surged 33 percent to HK$7.09 at close of local trading, the biggest advance on the broader Hang Seng Composite Index, after saying it will sell shares and convertible bonds to Hong Kong-based Wharf. Shares of the Hong Kong landlord climbed