New World rumored to cash HK$54.1mln by selling 61.5mln

New World Development (0017) was rumored to selling 65.1mln shares in Chongqing Iron & Steel(1053) at HK$1.6 on trial. The company plans to cash HK$98.4mln. The shares are sold on a discount of 9.1% compared with HK$1.76, closing price of Chongqing Iron & Steel yesterday.

Related stock : (17)(1053)