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2021-07-20

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2021-07-20

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HK's Tongda drops most in over 20 years on discounted share sale

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK's Tongda drops most in over 20 years on discounted share sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-20 11:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of electrical appliance components maker Tongda Group Holdings Ltd drop 37.4% to HK$0.285, on course for their worst day since listing in December 2000</p>\n<p>** Stock drops to lowest since September 2012; the biggest percentage decliner on the Hong Kong bourse</p>\n<p>** Co plans to issue 3.24 bln rights shares to existing shareholders in the proportion of <a href=\"https://laohu8.com/S/AONE.U\">one</a> rights share for every two existing shares held, raising HK$752 mln ($96.77 mln) for purchase of machinery, increase production capacity and to repay bank borrowings ()</p>\n<p>** Says the rights shares will be issued at HK$0.232 apiece, or 49.01% discount to the previous close of HK$0.455 each</p>\n<p>** The Hong Kong Hang Seng Commerce &amp; Industry Index eases 0.4%, and the composite industry index tracking industrials falls 1.1%</p>\n<p>** The Hang Seng China Enterprises Index drops 0.6%, and the benchmark index slips 0.4%</p>\n<p>** As of last close, stock down 20.2% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00698":"通达集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152663298","content_text":"** Shares of electrical appliance components maker Tongda Group Holdings Ltd drop 37.4% to HK$0.285, on course for their worst day since listing in December 2000\n** Stock drops to lowest since September 2012; the biggest percentage decliner on the Hong Kong bourse\n** Co plans to issue 3.24 bln rights shares to existing shareholders in the proportion of one rights share for every two existing shares held, raising HK$752 mln ($96.77 mln) for purchase of machinery, increase production capacity and to repay bank borrowings ()\n** Says the rights shares will be issued at HK$0.232 apiece, or 49.01% discount to the previous close of HK$0.455 each\n** The Hong Kong Hang Seng Commerce & Industry Index eases 0.4%, and the composite industry index tracking industrials falls 1.1%\n** The Hang Seng China Enterprises Index drops 0.6%, and the benchmark index slips 0.4%\n** As of last close, stock down 20.2% this year","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":171451021,"gmtCreate":1626758631163,"gmtModify":1633771287426,"author":{"id":"3585554518389271","authorId":"3585554518389271","authorIdStr":"3585554518389271","name":"YjPeh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585554518389271"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171451021","repostId":"1166035606","repostType":4,"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171459391,"gmtCreate":1626758484213,"gmtModify":1633771288850,"author":{"id":"3585554518389271","authorId":"3585554518389271","authorIdStr":"3585554518389271","name":"YjPeh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585554518389271"},"themes":[],"htmlText":"😢","listText":"😢","text":"😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171459391","repostId":"2152663298","repostType":4,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}