YuHua Education stock dives after HK$1.6bn sell down

By Jonathan Breen
08 May 2020

China YuHua Education Corp’s controlling shareholder raised HK$1.58bn ($203.8m) from a block sale of the company's shares on Thursday evening. The firm's stock slumped nearly 10% after the transaction.

The vendor, Guangyu Investment Holdings, jumped at the chance to monetise a portion of its stake in YuHua after the stock closed at a year-to-date high on Thursday. It enlisted Bank of America to handle the transaction.

When trading ended for the day, the sole bookrunner launched the ...

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