Chinese Estates ' termination of placing of licences dropped by nearly 5%

Source: Internet
Author: User
Keywords CAP Current price
The sale of Chinese Estates (00127) was terminated this morning, and the stock price was pressed to 14.5 yuan, down by 4.86%, but still higher than the selling price range.  At 15 yuan, the decline narrowed to 1.58% and the deal was over $30 million. According to the company, the original plan was to allocate 118 million shares to the old post, with a share of 13.26 to 14.17 Yuan, which was more than $15.24 per share of the closing price before the suspension of the 7-13%. The company considers that the sale price is set at its ceiling and will be in the interest of both the company and the shareholders, but only a few of them have decided to terminate the placing agreement.
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