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.