Brief: Xinming China Holdings Says Noted Drop In Price & Increase In Trading Volume Of Co's Shares

Xinming China Holdings

05/11/2020 15:40

Nov 5 (Reuters) - Xinming China Holdings Ltd  2699.HK :
    * NOTES DROP IN PRICE & INCREASE IN TRADING VOLUME OF CO'S
SHARES
    * INFORMED BY CHAIRMAN & CEO THAT 186 MILLION SHARES HELD BY
XINXING CO WERE PLEDGED TO CERTAIN STOCK BROKERS UNDER
ARRANGEMENTS AS COLLATERAL
    * BOARD WAS INFORMED THAT 163.8 MILLION SHARES WERE SOLD ON
MARKET
UNDER MARGIN FINANCING ARRANGEMENTS
    * CONFIRMS NOT AWARE OF ANY REASON FOR UNUSUAL SHARE PRICE &
VOLUME MOVEMENTS SAVE DISCLOSED

Source text https://bit.ly/2I8avRs
Further company coverage:  2699.HK 

 ((Reuters.Briefs@thomsonreuters.com;))