Guan Chao Again Extends Share Placement Deadline; Shares Fall 3%

MT Newswires Live

07/14

Guan Chao (HKG:1872) once again extended the deadline to complete its planned share placement, this time to July 18 from July 11, according to a Friday filing with the Hong Kong Exchange.

Shares of the vehicle importer were nearly 3% lower in late-morning trade on Monday.

The placement involves up to 90,195,000 new shares through Fortune (HK) Securities.

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