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MAO GEPING Once Plunges ~17% on Report of Shareholder Stake Sale
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MAO GEPING (01318.HK) once cascaded nearly 17% today (15th), hitting a trough of HKD55.4. It last traded at HKD62.25, down 6.6%, with turnover of 15.363 million shares, involving HKD963 million. Shareholders Ding Tao and Xu Kejun sold 9.87 million shares of the company today (15th) through JP Morgan at HKD63.3 to HKD65 per share, cashing out approximately HKD625-641 million, Bloomberg reported, citing filing. The placing price represented a discount of 2.48-5.03% to the previous day's (14th) closing price. AASTOCKS Financial News |
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