Ma Meeting Sparks 800% Surge in HK Biochemical Firm

Speculation about Alibaba founder Jack Ma sent the shares of one Hong Kong-listed biochemical company soaring nearly 800% this week, according to a Nikkei Asia report.

Chia Tai Enterprises International, which is majority-owned by Thai conglomerate Charoen Pokphand Group, saw its shares surge after the Hong Kong Economic Times reported that Ma met Dhanin – Thailand’s richest man and the senior chairman of CP Group – and his son Suphachai Chearavanont, CEO of CP Group, over the Lunar New Year holiday in Hong Kong.

Full story: Nikkei Asia

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.