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Eagle Nice (2368): Chairman was arrested by ICAC and later released unconditionally from bail
Company announcement, 26-Sep-2012
Comment: in our view, once the ICAC had discharged the Chairman from bail on 18-May-2012, the stock should have been allowed to resume trading. Investors have been deprived of a market for their shares for over 4 months since then. By contrast, the stock of Sun Hung Kai Properties has remained traded throughout the period of the Kwok brothers' arrest and subsequent charges.
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