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S&P withdraws its credit rating (previously A-) on property developer Cheung Kong Holdings...

S&P withdraws its credit rating (previously A-) on property developer Cheung Kong Holdings (CHEUY.PK) as the company has been busy making acquisitions but hasn't given the ratings group the access it needs make its assessments. The company, controlled by Li Ka-Shing, has seen its stock decline 24% this year.
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Comments (1)
  • extractvalue
    , contributor
    Comment (1) | Send Message
     
    Good move by insiders to ensure they can continue to buy ordinary shares at very low prices relative to the actual value of their net assets.
    30 Dec 2011, 03:26 PM Reply Like
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