I posted earlier on Chinese Estates, a Hong Kong property company reporting sales of EV shares
China Estates is (or was) the second-largest holder of Evergrande shares.
The firm has confirmed it plans to sell the remainder of its shares, setting a timeline of 12 months. Sales will be via block trades and/or on market.
Had owned circa 6.5% of Evergrande shares
- will sell the remaining 5.6% it holds
Info via Reuters and filings with the HK exchange.