HK-listed Xiabuxiabu sees worst day in 3-1/2-months after share sale report

Xiabuxiabu Catering Management (China) Holdings

29/10/2020 01:51

** Shares of Chinese hotpot restaurant chain operator
Xiabuxiabu Catering Management (China) Holdings  0520.HK  fall
as much as 12.2% to HK$12.06, their lowest since Oct. 23,   and
snapping six straight sessions of gains  
    ** Stock last down 5.7%, heading for the worst day since
July 16
    ** General Atlantic Singapore Fund Management is in the
market selling 60 mln shares in Xiabuxiabu at a price equivalent
to a discount of 6.26%-8.15% to previous close, to raise up to
HK$773 mln ($99.7 mln), IFR reported  urn:newsml:reuters.com:*:nIfp2Zws6j
    ** The Hang Seng China enterprises index  .HSCE  declines
1.5%, and the benchmark index  .HSI  falls 1.7%
    ** As of last close, the stock had surged 34.7% this year 

    ($1 = 7.7500 Hong Kong dollars)

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