HK-listed property manager A Living falls most in near 3 months on discounted share sale

A-Living Smart City Services

28/05/2021 03:20

** Shares of Chinese property management services provider A
Living Smart City Services Co Ltd  3319.HK  fall as much as 6.1%
to HK$37.80, on course for worst session since March 4
    ** Stock on track to snap two sessions of gains; the eighth
biggest percentage decliner on the Hong Kong bourse
    ** Guangdong-based co plans sale of 86.7 mln new H shares,
or 6.1% of the enlarged share capital, to third party investors
    ** Sale to raise HK$3.26 bln ($420.1 mln) for replenishment
of working capital and general corporate purposes  urn:newsml:reuters.com:*:nFWN2NE17Z
    ** Says the shares will be issued at HK$37.6 apiece, or a
6.6% discount to Thursday's close of HK$40.25 each
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  climbs 0.8%
    ** The Hang Seng China enterprises index  .HSCE  gains 0.5%,
and the benchmark index  .HSI  rises 0.6%
    ** As of last close, stock up 17.7% this year


($1 = 7.7596 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)