Retired Property Magnate Wang Shi Files Hong Kong Listing Application for Destone Acquisition

Wang Shi (Source: Sina)

Destone Acquisition, a special purpose acquisition company (SPAC) with backing from Wang Shi, the founder of major Chinese property developer Vanke, on April 8 formally submitted an application for listing on the Hong Kong Stock Exchange (HKEx).

In June 2017, Wang Shi retired as chairman of Vanke’s board of directors, handing over …