Your English writing platform
Discover LudwigSuggestions(5)
Exact(17)
In Hong Kong trading Tuesday, Ping An shares lost 5 Hong Kong cents (1 cent), or 0.2%, to 32.60 Hong Kong dollars ($4.20).
The existing investors had the right of first refusal on an shares changing hands and they all wanted more of the company and happily gobbled up the shares for a slight increase over the previous valuation.
It is unclear why Cosco would have sold Ping An shares at such a substantial discount.
"Our company has decided to empower our board to select an appropriate time to sell Ping An shares on the open market," Huludao Zinc said in a filing with the Shanghai Stock Exchange.
The spokeswoman said another businessman had bought the Ping An shares and then, facing financial difficulties, sold them to a group that included Mr. Che's friends and relatives, but not Mr. Che.
These institutional investors could trigger a market stampede if they rush to unload their Ping An shares before the company's huge share issue.
Similar(42)
"That's half a cent a share".
Down to a buck a share a year ago.
It is a share in a company.
A shared vice is a pleasure.
Add a shared folder to a homegroup.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com