BOSIDENG Tumbles 17%, after Saying 400M-shr Placing Is to Optimize Shareholder Structure

AASTOCKS

2024-07-03 14:15

BOSIDENG (03998.HK) was placed 400 million shares by its controlling shareholder. Today (3rd), the company's share price opened 9.85% lower and th...

　　BOSIDENG (03998.HK) -0.760 (-15.933%) Short selling $101.63M; Ratio 4.319% was placed 400 million shares by its controlling shareholder. Today (3rd), the company's share price opened 9.85% lower and the decline deepened, bottoming at $3.9. It last traded at $3.96, down 16.98%, with 602 million shares traded, involving $2.541 billion.

　　The 400 million shares represented approximately 3.64% of the total number of issued shares. The placing price of $4.31 per share represented a discount of 9.6% to the closing price on the previous day (2nd), and the cash realized was $1.724 billion.

　　Related NewsBOSIDENG Annual NP RMB3.074B, Up 43.7%; Final Div HK20 Cents

　　BOSIDENG said that the main reason for the Placing is to optimize the shareholder structure of the Company, release market liquidity for the Company's shares and attract more high-quality domestic and foreign investors.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 12:25.)

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