Chinese property now down 2.23%

The Chinese property Company (00127-HK) has fallen by 2.23% per cent to HK $14.90, at a minimum of HK $15.50, after it dropped its share placement scheme, which was not at the high end of the guide range of HK $13.26, HK $14.17.　　The company announced that a few investors had chosen the above price limit (with a share price of 13.26 to HK $14.17) to undertake the placing of the shares, and that the continuation of the placements was not in the overall interest of the corporation and its shareholders and announced the termination of the allotment plan. Traders said there was a negative effect of a lukewarm placement, and that the company's cancellation plan could further hit sentiment.　　The company's placement plan may be seen as a signal that major shareholders have not considered privatization, which has put an end to rumours that the Chinese president, Joseph Lau billionaire, may have bought a stake in his ownership of all Chinese property. In addition, there are more than 30 times times the expected P/E ratio, with a larger number of large blue-chip real estate stocks of about 15 to 22 times times higher. It was suspended since Thursday (25th) After the closing price was HK $15.24.