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3SBIO Slumps 5%+ in Early Trading on Plan of 6.5% Discounted Shr Placement
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3SBIO (01530.HK) plans a share placement at a 6.5% discount, with net proceeds reaching HKD3.087 billion. This news dented the company's stock price by 3.09% at open today (2nd), bottoming at HKD29.98. It last traded at HKD30.04, down 5.18%, with a trading volume of 4.6345 million shares, amounting to HKD140 million.

3SBIO announced plans to place over 105 million shares, representing approximately 4.14% of the enlarged issued share capital, at a placement price of HKD29.62 per share, which is a 6.5% discount to the previous trading day's closing price of HKD31.68. The net proceeds are expected to reach HKD3.087 billion.

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