HK-listed Ping An Healthcare hits over 3-1/2 month low on $1.01 bln share sale

Ping An Healthcare and Technology Co

30/09/2020 03:43

** Shares of Ping An Healthcare and Technology Co Ltd
 1833.HK  fall as much as 7.8% to HK$98.95, their lowest since
June 9 - set to snap two straight sessions of gain 
    ** Second most actively traded stock by turnover in early
trade 
    ** Shares, last down 6.6%, headed for worst day since May 18
 
    ** Shanghai-based medical health products and services
provider plans to sell 80 mln new shares to third party
investors, raising HK$7.86 bln ($1.01 bln) to expand in-house
medical teams, invest in R&D and for strategic investments
 urn:newsml:reuters.com:*:nL4N2GR0C9
    ** The new shares will be sold at HK$98.20 apiece, an 8.5%
discount to the previous close of HK$107.30 on Tuesday
    ** The Hang Seng China enterprises index  .HSCE  rises 2.2%,
and the benchmark index  .HSI  gains 1.7%
    ** As of last close, the stock had risen 88.7% this year 


($1 = 7.7500 Hong Kong dollars)

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