NOL falls further on fears of rights issue
Neptune Orient Lines (NOL) – Shares of Neptune Orient Lines (NOL) fell a further 7.5 per cent yesterday, adding to an 11 per cent drop in the previous session, on market concerns about a possible earnings-diluting rights issue by the world's seventh-largest container shipper. Yesterday's closing price of 86.5 cents is its lowest since January 2003.
Source: Kim Eng
Thursday, March 12, 2009
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