HK-listed Digital Domain hits 5-month high on share-sale plans

Digital Domain Holdings

14/12/2020 02:24

** Shares of visual effects producer Digital Domain Holdings
Ltd  0547.HK  rise as much as 24.6% to HK$0.071, their highest
since July 15, on track to snap two consecutive sessions of
declines
    ** Stock set for best day since July 17; is fifth-biggest
percentage gainer among all listed companies on the Hong Kong
bourse 
    ** Co has agreed to sell 6.81 bln new shares, or 16.7% of
its enlarged share capital, to Luxembourg-incorporated HLEE
Finance S.à.r.l, raising HK$340.7 mln ($43.95 mln) for formation
of a media entertainment joint venture and for working capital
(https://bit.ly/3oTmEtT)
    ** The new shares will be issed at HK$0.05 apiece,
representing a 12.3% discount to Friday's close of HK$0.057 each
    ** The Hang Seng Tech Index  .HSTECH  climbs 0.4%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.4%, and the benchmark index  .HSI  gains 0.1%
    ** As of last close, stock down 19.7% this year 

    ($1 = 7.7517 Hong Kong dollars)

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