Wednesday, 22 April 2009

China Gateway shares rise

Shares in Commercial Group Properties, the company behind China Gateway have risen from trading at 3p on the first of this month to trading at 50p today. I noticed that they are hoping to buy the land at Manston that TDC and KCC bought for £6,286,250 for £3,000,000 and wonder if the two things are somehow related.

I know there were some concerns about the closeness of the relationship between Commercial Group Properties and the council during the Chinagate incident, so this large and sudden rise begs some interesting questions.
Update click here to view the title I had assumed the land was bought by EKOS not KCC so the loss £3,286,250 would fall to them.

1 comment:

  1. Should be A return on someones investment then, better than carpets


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