Big Yuexiu Property (123 HK) Rights Issue - 3 Capital Actions from Here to Mid-June
On the 20th April, Yuexiu Property (123 HK) halted trading in its shares and then later in the day announced a rights offering. Shares fell hard but gained back a little.
The rights offering lowers BVPS by about 11.3% so the current price is "about right" for the fundamentals if the price the day before the news was right.
There are, however, flow dynamics which are of interest. There almost always are.
Keep reading with a 7-day free trial
Subscribe to Hong Kong/China M&A/Events to keep reading this post and get 7 days of free access to the full post archives.