HK-listed DTXS Silk Road falls most in over a month on share sale

DTXS Silk Road Investment Holdings Co

07/06/2021 08:01

** Shares of DTXS Silk Road Investment Holdings Co Ltd
 0620.HK , which is involved in auction, sale of antiques, and
property development, fall 4.1% to HK$6.60; on course for the
biggest intraday percentage decline since May 4 
    ** Stock hits the lowest since June 1
    ** Company plans sale of 95 new shares, or 12.33% of the
enlarged share capital, to third party investors, at HK$6.30
apiece, raising HK$599 mln ($77.2 mln) to fund property
development, expansion of art storage and exhibition businesses
 urn:newsml:reuters.com:*:nFWN2NM18H
    ** It also agrees to sell 7.94 mln new shares to Celestial
Compass Ltd at the same price of HK$6.30 each, or 8.4% discount
to previous close
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  slip 0.5%
    ** As of last close, the stock had soared 126.3% this year 


($1 = 7.7572 Hong Kong dollars)

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