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CKH HOLDINGS Starts 4%+ Lower after Clarifying No Decision on Any Deals for Global Telecom Biz
Recommend 21 Positive 36 Negative 22 |
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CKH HOLDINGS (00001.HK) started the morning session (31st) down 4.54%, lasting at HKD43.1. The stock saw a transaction volume of 1.2456 million shares, with a turnover of HKD53.6836 million. Recent foreign media reported that CKH is preparing to ring-fence its global telecom assets and list the business on the London Stock Exchange. However, CKH had made an announcement on the Hong Kong Stock Exchange this morning that from time to time, the Group receives proposals and explores and evaluates opportunities that may be available, with a view to enhancing long term value to shareholders, including possible transactions relating to the assets and operations of the Company’s global telecommunication businesses. As of today, the Board has not made any decision to proceed with any transaction related to the Company’s global telecommunication businesses. AAStocks Financial News |
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