Hong Kong regulator cautions investors over Wang On Properties

August 9, 2016 8:52 AM

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HONG KONG Aug 9 Hong Kong's securities regulator said on Tuesday that investors should exercise "extreme caution" when trading shares of commercial and residential developer Wang On Properties Ltd as a small group of investors hold the majority.

The group of 20 investors, including Wang On's largest shareholder Wang On Group Ltd, controlled 97.2 percent of the shares as of July 28, the Securities and Futures Commission (SFC) said in an e-mailed statement on Tuesday.

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