Huiyuan halts trading
By Ding Yining |
December 5, 2013, Thursday
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Print Edition
Print Edition
China’s Huiyuan Juice Group halted trading on the Hong Kong stock exchange yesterday, pending an announcement of a possible new share offering.
The company is said to be preparing a share sale to raise HK$390 million (US$50.3 million), the International Financing Review, a financial market publication of Thomson Reuters, reported yesterday.
IFR said Huiyuan is seeking to sell 75 million shares within a range from HK$5 to HK$5.20 each, a 8.3 percent discount from its latest closing price.
Huiyuan’s shares closed at HK$5.45 on Tuesday.
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