Oct 23

minipost-(Letter) The Fall Of CITIC Pacific

Written by: guest | Filed under:-mini-posts | Tags:,
6 Comments » newest 2008-10-27 03:14:26

CITIC Pacific is in big trouble and some market analysts say it’s finished.

Yesterday its share price fell by 55% and its valuation is down from HK$31 billion to HK$14 billion.

Today its market capitalization fell another 25% to HK$10 billion. Continue reading »