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Red Hair Group Falls 17.78% Independent analysts recommend no shares

Source: Internet
Author: User
Keywords Shareholder proposal HK Dollar stock analyst
Tags .mall analysts company group information list not to stock
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The red-hair Group (00566-HK) tumbled 17.78% to HK $0.74, a deal of HK $594,300, which is now at the top of the list, but rarely traded; independent analyst David Webb advises the company's small shareholders not to share the shares. David Webb wrote that red hair had surged 225% in the one months following the offer, and that the rally was too acute to involve insider information, that the company had no funding needs and that the motivation for the shares was insufficient, and suggested that minority shareholders should oppose the red-hair 1-4-share plan.

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