Thursday 19 January 2012

Xidelang slides on private placement plan

Xidelang Holdings Bhd, a China- based footwear maker, fell for the first time in three days in Kuala Lumpur trading after saying it is planning a private placement of up to 10 per cent of its share capital.

The stock dropped 1.3 percent to 38.5 sen at 9:08 a.m. local time, set for its biggest drop since Jan 13. -- Bloomberg



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