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2006-10-13 06:13:00 p.m. HKT, XFNA
Hong Kong-listed Yue Da Hldgs to place 40 mln shares at 3.8 hkd each - source
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HONG KONG (XFN-ASIA) - Yue Da Holdings has agreed to place 40 mln shares
at 3.8 hkd each to raise 152 mln hkd, a market source said.
The placement price of 3.8 hkd represents a 4.8 pct discount to the
stock's closing price of 3.99 hkd yesterday, the last trading day before
suspension.
The company's shares have been suspended at the company's request pending
an announcement regarding a top-up placement and subscription to its shares.
(1 usd = 7.8 hkd)
roby.lau@xfn.com
rl/net xfnrl/xfnnt
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