** Shares of Chinese property developer Aoyuan jump around 80% to HK$0.215, after surging as much as 148% in early trade

** Aoyuan stock is the second-biggest gainer on the Hong Kong Stock Exchange

** Aoyuan introduces Multi Gold Group Limited as strategic investor, which will hold a 16.48% interest in the company and become the single-largest shareholder

** Multi Gold is solely owned by Mohamed Obaid Ghulam Badakkan Alobeidli, 45, and a graduate from the United Arab Emirates University

** Alobeidli is appointed as chairman of the board, with a one-year term contract and renewable automatically

** Founder Guo Zi Wen will have 16.38% interests in the company after the share transfer, and become a non-executive director

** Aoyuan says it expects Alobeidli will introduce potential investors in the future and bring more development opportunities to the company

** Aoyuan, defaulted on its offshore bonds in early 2022, has been undergoing an offshore debt restructuring since

(Reporting by Clare Jim)

((Clare.jim@tr.com))