HK-listed C-Mer Eye Care drops most in 1-1/2 years on share sale plan

C-Mer Medical Holdings

13/01/2022 03:55

** Shares of ophthalmic services provider C-Mer Eye Care
Holdings Ltd  3309.HK  drop 9.5% to HK$6.50, the biggest daily
percentage decline since July 2020 
    ** Stock sinks to the lowest since Dec 21
    ** Co plans sale of 76.5 mln new shares to controlling
shareholder C-MER Group, raising HK$495.70 mln ($63.6 mln) for
mergers and acquisitions, expansion of hospital network and for
general working capital  urn:newsml:reuters.com:*:nFWN2TS1DZ
    ** The new shares will be issued at HK$6.48 each, or 9.7%
discount to Wednesday's close
    ** Says controlling shareholder will buy the new shares
following sales of 90 mln existing shares at the same price to
third party investors 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.3%, and healthcare index  .HSCIH  slips 0.6%
    ** Hang Seng Composite Index  .HSCI  eases 0.1% while Hang
Seng Index  .HSI  climbs 0.1%


($1 = 7.7923 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))