China's Shunkelong (00974) fell more than 20% in the early trading straight line. As of press release, it was down 20% to HK$1.88, with a turnover of HK$1.52 million.
The Zhitong Finance App learned that China's Shunkelong (00974) had a straight dive of more than 20% in early trading. As of press release, it was down 20% to HK$1.88, with a turnover of HK$1.52 million. The company's stock price previously hit a new high in recent years, surging 193% in 3 trading days.
According to the news, China Shunkelong announced a few days ago that the controlling shareholder Supply and Marketing Group introduced investors in accordance with the debt restructuring plan. According to this, Supply and Marketing Trading, CNOC and CPC will respectively purchase 1,335 billion shares, 1,165 billion shares, and 100 million additional shares; and they will introduce the first batch of financial investors by the end of March to purchase no less than 1.8 billion additional shares.
After completion, Supply and Marketing Trading, CNOOC and CCAF will hold 6.97%, 6.08%, and 0.52% of the shares in the Supply and Marketing Fair respectively. Meanwhile, the supply and marketing company will continue to be the controlling shareholder of the company, holding 70.42% of the shares.