China Shanshui Cement loses one-third of value as trade resumes

China Shanshui Cement

31/10/2018 02:58

** Shares of China Shanshui Cement Group Ltd  0691.HK  fall
as much as 50 pct to HK$3.15, the lowest since December 2014, as
trade resumes after a 3-1/2-year trading halt  
    ** The stock, which has been suspended since April 2015,    
 later trims losses to HK$4.32, still down 31.3 pct with market
value at HK$18.77 bln ($2.39 bln)
    ** The Chinese cement maker says it has completed issue of
new shares and has fulfilled the minimum public float
requirement of no less than 25 pct stake in the hands of public
shareholders (https://bit.ly/2ziRWly)
    ** Co also says it has published all its outstanding results
and has fulfilled all conditions for a trading resumption  
    ** It says trading in its debt securities  5880.HK  remains
suspended until further notice
    ** The Hong Kong benchmark index  .HSI  rises 0.5 pct


($1 = 7.8465 Hong Kong dollars)

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