HK-listed C-Mer Eye Care falls on discounted share sale

C-Mer Medical Holdings

19/06/2020 02:52

** Shares of C-Mer Eye Care Holdings Ltd  3309.HK  fall as
much as 9.3% to HK$5.95, lowest since May 27, on ophthalmic
services provider's discounted share sale plan
    ** Shares second most actively traded; trim losses to
HK$6.05, still down 7.8%, heading for biggest intraday pct fall
since April 1
    ** Plans sale of 68 mln new shares to major shareholder
C-MER Group Ltd at HK$5.80 each, raising proceeds HK$394.4 mln
($50.9 mln) for acquisition and establishment of eye hospitals
in the mainland  urn:newsml:reuters.com:*:nFWN2DV0TR
    ** Issue price at 11.6% discount to Thursday's close of
HK$6.56 each
    ** Major shareholder will buy new shares on completion of
sale of same amount of existing shares at same price to third
party investors
    ** As of last close, stock up 30.9% so far this year
    ** C-Mer Eye Care has outperformed Hang Seng Commerce &
Industry Index sector  .HSNC  by 46.4 pct points in past one
month
    ** Hang Seng China enterprises index  .HSCE  edges down
0.3%, and benchmark index  .HSI  slides 0.4%
($1 = 7.7503 Hong Kong dollars)

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