L'Occitane set to open down 28.4% after owner decides against deal to take it private
05/09/2023 02:20
Sept 5 (Reuters) - Shares of L'Occitane International SA
0973.HK are set to open down 28.4% on Tuesday after the
skincare specialist said its controlling shareholder had decided
against a potential deal to take the company private.
The stock is set to open at HK$19.90 ($2.54) as the shares
resumed trade after a one-day suspension on Monday. That is
compared to a 0.7% fall in the benchmark Hang Seng Index .HSI .
($1 = 7.8399 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Christian Schmollinger)
((donny.kwok@thomsonreuters.com; +852 3462 7745;))