HK's Infinity Logistics hits record high on share sale

Infinity Logistics and Transport Ventures

30/06/2021 07:04

** Shares of Infinity Logistics and Transport Ventures Ltd
 1442.HK  rise 8.7% to HK$1.50, an all-time high and on course
for a third straight session of gains
    ** Freight forwarding services provider plans sale of 64 mln
new shares at HK$1.38 each to four independent third-party
investors, raising HK$88.3 mln ($11.4 mln) for working capital
 urn:newsml:reuters.com:*:nFWN2OB0FG
    ** Says shareholding of controlling shareholder 2926
Holdings will be diluted to 68.68% after the deal, from 70.88%  
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.7%, and the benchmark index  .HSI  eases 0.5%
    ** The stock had soared 240.7% this year as of last close 


($1 = 7.7655 Hong Kong dollars)

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