Spin-off price set

PUBLISHED : Tuesday, 15 October, 1996, 12:00am
UPDATED : Tuesday, 15 October, 1996, 12:00am

Concord Land Development, the proposed spin-off of Pacific Concord Holdings, says the preliminary price range of its issue will be between HK$3.37 and $4 a share, representing a discount of 30 to 40 per cent to its net asset value of $7.7 billion.


 

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