a) Major shareholder Mr Cheung Wing Lin was forced to sell his pledged shares to meet obligations; and
b) A profit warning stating that the company has incurred a loss for 1Q09 is to be released.
The major shareholder is in talks with the share pledge counterpart to decide on the amount to sell; thus it may take a few more days for trading to resume. We believe there would be strong selling pressure on the stock once trading resumes
Sponsored Links
No comments:
Post a Comment