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HKBN Dips 8.6% After Hitting Over-3-yr High as Shr Offer Recently Completed
Recommend 22 Positive 37 Negative 13 |
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HKBN (01310.HK) surged 68.6% yesterday, but opened 5% lower this morning (19th). The stock once rallied 9% to a high of $9.41 in the early session, setting an over-3-year high, but faced pressure at the high level and declined again. It once bottomed at $7.56, and last dipped 8.57% to $7.89, with a trading volume of 128 million shares, involving $1.092 billion. The offeror, China Mobile Hong Kong, announced after market close yesterday (17th) that the share offer was closed at 4:00 pm without any revision or extension by the offeror. The offeror had received valid acceptances in respect of nearly 713 million shares under the share offer, representing around 48.18% of all issued shares. AASTOCKS Financial News Website: www.aastocks.com |
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