Recent reports show that the wealth of Chinese businesswoman Yang Huiyan, a real estate developer, has risen by $2.1 billion in 4 days to become the fifth richest person in China.
Recent reports show that the wealth of Yang Huiyan, vice chairman of Cantori Garden Holdings, China's largest real estate developer, has risen by $2.1 billion in 4 days. According to reports, Yang Huiyan, vice president of Kantory Garden Holdings, China's largest real estate developer by sales, increased her fortune to $25.6 billion on the back of a surge in the stock price during the first day of New Year's trading.
At the close of trading yesterday, Cantori Garden rose 7.4 % to HK$17.42. In just the first week of 2018, the Chinese company's stock rose by about 17 %.
In the first week of 2018 alone, the Chinese company's stock rose by about 17 %. Following the rise in the real estate developer's stock, 36-year-old Yang Huiyan became China's richest woman, at 31st on Bloomberg's list of the world's richest people.
The rise in Kantory Garden Holdings“ stock came after the company announced on Friday that it achieved sales of 550.8 billion yuan ($85 billion) in 2017. The company's sales exceeded the 500 billion yuan target it set last August.
