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Article: Hong Kong: KTT slide continues with 27.66% dive.
- Article from:
- TendersInfo
- Article date:
- September 30, 2008
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Byline: yunus205
SHARES of Keppel Telecommunications and Transportation (KTT) continued to plunge yesterday - sinking 27.66 per cent, after Friday's 43.9 per cent dive - on sales by substantial shareholder Kapital Asia Pte Ltd, sources said.
The two days of sales have wiped $1.4 billion off the market capitalisation of KTT, which is more than 80 per cent owned by Keppel Corporation.
The stock ended yesterday at $1.70, down 60 per cent from last Thursday's close of $4.19. Five million shares ...