Hua set low open 5% suspend rights plan end privatisation rumors

After a marked weakening of the Chinese property market this morning, the share price has been reduced by 4.86% to HK $14.5, closing 62,500 shares; The company was not satisfied by the sudden announcement of the suspension of the placement scheme, which had been fully subscribed but was not satisfactory because the price of the allotment might be at the lower end of the guidance interval (HK $13.26-14.17). There are market comments that the negative effect of the allocation response, and the cancellation of the placement plan may be a blow to sentiment, because the company's placement plan may be seen as the main shareholders did not consider privatization signal, which ended the market on the Chinese President Joseph Lau billionaire may privatize Chinese property speculation,　　The current shareholding ratio is as high as 71.48%.　　There is also public opinion that the price of Chinese property rights is not attractive, and that the company has sufficient funds to support the 2.8 billion Hong Kong dollar financing and capital expenditure scheme this year, as the director, Liu Yinwei, said in March that the cash and bank account balances of Chinese home buyers amounted to HK $10.42 billion as at the end of 08, According to the data, Chinese estates are prepared to issue no more than 147.5 million shares, about 7.4% of the issued share capital, and the offer is between 13.26 and 14.17 Hong Kong dollars, and the funds raised are used for real estate projects in mainland China and as a general purpose.