China City Infrastructure Group (HKG:2349) terminated agreements to issue 370 million shares to four subscribers, according to a Thursday Hong Kong bourse filing.
The parties had entered into the subscriptions contract on Wednesday.
Trading in the property investment firm's shares, which had been halted earlier in the day awaiting the release of this announcement, has resumed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments