E-Star Commercial to Invest Up to HK$200 Million Under Discretionary Mandate

MT Newswires Live

01/12

E-Star Commercial Management (HKG:6668) entered into an investment management agreement, under which it plans to invest up to HK$200 million using its existing cash reserves, according to a Jan. 9 Hong Kong bourse filing.

Shares of the firm were down over 1% in Monday morning trade.

Under the agreement, the company appointed a portfolio manager to deploy funds on a discretionary basis, with investments spanning money market funds, IPO placements, block trades, and private investment in public equity.

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