Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.
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Plaintiffs claim damages of at least $350,000 for what they say is shoddy design and construction work on their new home. (BizSense Pro subscription required)