I don't have this blog properly set up for guest bloggers but, I'm going to post this message I received from my colleague Mark Cochrane on that basis. To describe this news as strange would have to be the understatement of the week:
Kenfair started trading again this morning. The share swung wildly from HK$1.96 down to HK$1.52 and is now at HK$1.60 [PW note: it closed the day down $0.16 at $1.49 on a day the Hang Seng Index was up 1,181 points!]. They released an 'odd' 28 page document from which, at first glance at least they seem to be buying a coal mine.
Unrelated, but equally strange, TradeEasy's parent company has purchased a huge strip of land in
You can say that again Mark. Heck, whatever next? They'll be listing a company and valuing it at 5 times the total worth of the market. Oh, yes. That has happened too.
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