Focus stock: RNA places shares with 11% discount, once slumping 7% after resumpt

RNA (0501) placed 133.8 mln shares at HK$0.202 each, representing a discount of 11% of the closing price on Tuesday. The placed shares accounted for 8.86% of the enlarged capital. RNA once slumped by 7% to HK$0.211 against upward market in the morning session after resuming trading. It recently stood at HK$0.232, up HK$0.006, or 2.64%.After placement, Tem Fat Hing Fung(0661) will lose its controlling shareholder position and its shareholding will decrease from 38.19% to 34.81%.

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