This article only represents the author's own views.
China Wantian Holdings Ltd. (1854.HK) is far from a household name, racking up losses in the past three years, boasting a market capitalization of just HK$1.2 billion ($153 million) and daily turnover of less than HK$1 million most days. It’s a classic nobody among the more than 2,000 companies listed on the Hong Kong Stock Exchange.
That made it all the more surprising when the private investment arm of local real estate magnate Peter Lee, co-chairman and managing director of Henderson Land (0012.HK), took a recent stake in the company. The two sides said they would jointly explore green development opportunities in the Greater Bay Area of South China’s Pearl River Delta region that is home to 80 million and includes Hong Kong.