Jan. 3, 2007 (China Knowledge) – Chinese Estates Holdings said it made about HK$4.2 billion in gains on the fair value changes in its investments in listed securities last year, based on the closing prices on the Hong Kong stock market last Friday.

Analysts said the gain came mainly in the second half, helped by the rally in the Hang Seng Index, which rose 34.2% last year. The developer said gains on fair value changes of listed securities investments amounted to HK$948.4 million in the first six months.

Chinese Estates shares, which gained 22.34% last year, closed 4.03% higher at HK$9.80 yesterday.

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