HK's civil engineer B&D hits record high as major shareholder plans exit

Rongzun International Holdings

21/07/2021 05:55

** Shares of civil engineer B & D Strategic Holdings Ltd
 1780.HK  jump as much as 39.5% to HK$3.99, their highest since
listing in April 2019
    ** Stock later trims gains to HK$3.35, still up 17.5%; sixth
biggest percentage gainer on the Hong Kong bourse
    ** Co says controlling shareholder Sky Winner Holdings
enters into pact to sell its entire stake of 75% to independent
third party, which may lead to a change in control and mandatory
general offer  urn:newsml:reuters.com:*:nFWN2OW0CN
    ** Says both parties to hold further talks after potential
buyer completes due diligence
    ** The Hong Kong composite Industry Index tracking
properties and construction stocks  .HSCIPC  edges up 0.1%,
while the benchmark index  .HSI  slips 0.4%
    ** The stock had soared 643% this year by last close

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