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NWD Plunges 5%+, Down for 6 Consecutive Days
Recommend 23 Positive 29 Negative 26 |
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Opening 0.18% lower today (18th), NEW WORLD DEV (00017.HK) once bottomed at $5.34 as its decline deepened. It last printed at $5.35, down 5.31%, on a volume of 15.3618 million shares, involving $83.4643 million. After falling for six consecutive trading days, NEW WORLD DEV has already retreated about 20% from the recent high of $6.7 on December 10. Yesterday (17th), there were reports that NEW WORLD DEV sent a letter to banks seeking a waiver for breaching financial covenants due to a net debt-to-asset ratio exceeding 100%. AAStocks Financial News |
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