The share price of Hong Kong-listed oil exploration company, South Sea Petroleum, was hit by sharp selling last week on news that an unnamed financial institution had forced a sale of pledged shares that belonged to the company’s chairman. In only 90 minutes of frenzied trading, over half of South Sea’s shares were in play…
CHINA: Hongkong-listed South Sea Petroleum share price plunges
Posted on September 13, 2004 by EnergyAsia