CR Cement shares plunge after $533m sale

John Loh

June 12, 2018 09:00 AM

China market generic — (180102) -- HANGZHOU, Jan. 2, 2018 (Xinhua) -- An investor is seen at a stock market in Hangzhou, capital of east China's Zhejiang Province, Jan. 2, 2018. Chinese stocks started 2018 on a strong note, with both key indices rising more than 1 percent on the first trading day. The benchmark Shanghai Composite Index went up 1.24 percent to close at 3,348.33, and the Shenzhen Component Index closed 1.25 percent higher at 11,178.05. (Xinhua/Long Wei) (dhf) | Long Wei/Xinhua News Agency/PA Images

Shares of China Resources Cement Holdings tumbled at the open on Tuesday following an overnight equity block trade that was done at a 10% discount and raised HK$4.2bn ($533.4m).

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Topics

Equity China China International Capital Corp Hong Kong SAR Asia Greater China Northeast Asia Asia Pacific ABBs-Block Trades Emerging Markets Goldman Sachs

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John Loh