Chinese Estates Holdings drops most in over 35 years on shelving plan to go private

Chinese Estates Holdings

20/12/2021 02:06

** Shares  0127.HK  of Chinese Estates Holdings Ltd plunge
as much as 35.2% to HK$2.45, biggest daily pct decline since
March 1986
    ** Stock sinks to lowest since Sept. 29; third biggest
percentage decliner on Hong Kong bourse
    ** Chinese Estates, a former major stakeholder in embattled
developer China Evergrande  3333.HK , said on Friday its plans
to go private had fallen through as its shareholders had
rejected the proposal  urn:newsml:reuters.com:*:nL4N2T22OQ
    ** China Evergrande shares down 3.7% at HK$1.56, on course
to snap two sessions of gains
    ** The Hang Seng sub-index tracking property firms  .HSNP 
falls 1%, and the Hang Seng Mainland Properties index  .HSMPI 
drops 2.2% 
    ** The Hang Seng China Enterprises index  .HSCE  slips 0.1%
and the benchmark index  .HSI  eases 0.3%

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