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<CN Home>C&D INTL GROUP Opens 7% Lower on Top-up Shr Placement at 8.9% Discount
Chinese developer C&D INTL GROUP (01908.HK) placed shares, and its stock price opened 7.15% lower at $16.1 this morning (23rd). Pre-market trading volume was 65.405 million sha...
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<CN Home>C&D INTL GROUP Opens 7% Lower on Top-up Shr Placement at 8.9% Discount
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Chinese developer C&D INTL GROUP (01908.HK)  -0.040 (-0.231%)    Short selling $20.98M; Ratio 16.366%   placed shares, and its stock price opened 7.15% lower at $16.1 this morning (23rd). Pre-market trading volume was 65.405 million shares, involving $1.034 billion.

The Company announced a top-up placement of 64.6 million shares, representing approximately 2.88% of its enlarged share capital, at a price per share of $15.8, an about 8.88% discount to yesterday (22nd)'s closing price of $17.34.

Related NewsBofAS Expects Weak 1H25 Results for CN Property Sector, Remains Optimistic on CHINA RES LAND/ CHINA OVERSEAS/ C&D INTL GROUP
The net proceeds are expected to be approximately $1.011 billion, with approximately 80% to be used for loan repayment of loans, and approximately 20% to be used as general working capital.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)

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