Award-winning Financial Journalist

Ashish Saxena

Equity Bottom-Up

Chinese property tycoon Tong Jinquan, ranked 349th on <a href="http://www.forbes.com/sites/kerenblankfeld/2016/03/01/forbes-billionaires-full-list-of-the-500-richest-people-in-the-world-2016/#47fd1e4c6c24" target="_blank">Forbes' Richest People in the World List 2016</a>, bought 13.2 mln units (a 1.01% stake) of <a href="https://www.smartkarma.com/entities/10934" target="_blank" data-smartkarma-citation="entities:10934:1">Cambridge Industrial Trust</a> for S$7.33 mln from the market on July 13 (Wednesday).According to the latest <a href="http://infopub.sgx.com/FileOpen/_MAS%20Form%203%20FINAL%20_CREIT%20130716.ashx?App=Announcement&amp;FileID=412727" target="_blank">disclosure</a>, he now holds a 17.84% stake in the Trust. Already, he was the single largest shareholder.Not just that, he stealthily bought 7,453,400 units (a 0.57% stake) between March 14 and July 12.Put together, that's a 1.58% stake that he has bought…

Chinese property tycoon Tong Jinquan, ranked 349th on Forbes' Richest People in the World List 2016, bought 13.2 mln units (a 1.01% stake) of Cambridge Industrial Trust for S$7.33 mln from the market on July 13 (Wednesday).According to the latest disclosure, he now holds a 17.84% stake in the Trust. Already, he was the single largest shareholder.Not just that, he stealthily bought 7,453,400 units (a 0.57% stake) between March 14 and July 12.Put together, that's a 1.58% stake that he has bought…

CIT: Tong Jinquan Buys 1.01% Stake from the Market a Week Before Q2 Earnings. Here's Possibly Why

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CIT: Tong Jinquan Buys 1.01% Stake from the Market a Week Before Q2 Earnings. Here's Possibly Why