HK-listed DL Holdings drops most in nearly 2 years on discounted share sale

DL Holdings

21/10/2025 04:03

** Shares of financial services provider DL Holdings Group 1709.HK drop 11.9% to HK$3.03, their biggest intraday pct decline since November 2023

** Stock hits its lowest level since September 9 and on course to snap four consecutive sessions of gains, if current trend holds

** Stock is top pct loser in the Hang Seng Composite Index on financials stocks .HSCIF, which climbs 1.7%

** DL plans sale of an aggregate 319 million new shares in share placement, HK$973 million ($125.27 million) for development of digital finance business, exchange traded funds (ETFs) and for system upgrades

** The new shares will be sold at HK$3.05 apiece, representing an 11.3% discount to stock's close of HK$3.44 on Monday

** YTD, stock down 44.3%, while benchmark Hang Seng Index .HSI up 31.3%

($1 = 7.7675 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))