GOLDIN FINANCIAL OF HONG KONG SELLS RESIDENTIAL LAND AT LOSS

Highlights:

• Hong Kong’s Goldin Financial Holdings Ltd. sold its residential land parcel at a loss of HK$2.6 billion which is equivalent to $335 million.
• The aim of the financial firm is to reduce debt given at an uncertain property market amid economic downfall.
• The financial firm stocks surged by 4.2% after the announcement.

Goldin Financial Holding Ltd., a finan....