Sumary of Evergrande block trades show major holder sells at 20% discount:
- It could also come from long-time backer Chinese Estates Holdings, which held 313.2 million shares after selling down its stake in recent weeks.
- Seekers Markets, which added 900 million Evergrande shares to its holdings, reported the equivalent of a 6.8 per cent stake.
- Hong Kong newspaper Ming Pao earlier reported an unidentified shareholder was planning to sell the shares, without saying where it got the information.
- Evergrande and Chinese Estates didn’t immediately respond to a Bloomberg request for comment on Thursday.