Phancy Group Scraps H-Share Full Circulation Plan; Shares Slip 3%

MT Newswires Live

05/11

Phancy Group (HKG:6682) withdrew its application for a proposed Hong Kong share full circulation plan after receiving requests from relevant shareholders, according to a May 8 Hong Kong bourse filing.

Shares of the company fell nearly 3% in morning trade on Monday.

Phancy had applied to convert 13.8 million domestic shares held by certain non-controlling shareholders into Hong Kong-listed shares.

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