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DICKSON CONCEPT Plunges ~30% After Trading Resumption Tdy on Lapse of Privatization
DICKSON CONCEPT (00113.HK) announced the failure of its privatization plan. Upon resumption of trading today (21st), the Company was sold off. The stock opened 29.3% lower at $5, a...
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DICKSON CONCEPT Plunges ~30% After Trading Resumption Tdy on Lapse of Privatization
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DICKSON CONCEPT (00113.HK)  +0.140 (+2.724%)   announced the failure of its privatization plan. Upon resumption of trading today (21st), the Company was sold off. The stock opened 29.3% lower at $5, and bottomed at $4.89. It last printed at $4.98, plunging 29.56%, with a trading volume of 2.331 million shares, involving $11.5615 million.

DICKSON CONCEPT announced that the resolution to approve the proposal for the privatization was not approved by the Scheme Shareholders present and voting at the Court Meeting. Therefore, the proposal has lapsed and will not be implemented.
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