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Urban development giant BMEDI has acquired a 28.83 per cent stake in Hong Kong listed architectural service provider C Cheng Holdings.
Buying by directors surged for a second straight week, with 38 companies recording 161 purchases worth HK$330 million based on exchange filings from April 4 to 8. The figures were sharply up from the previous week’s 21 firms, 113 purchases and HK$238 million.