Seazen Shares Claw Back After Ex-Chairman's Arrest Led to Three-Day Slump
Dou Shicong
/SOURCE : yicai
Seazen Shares Claw Back After Ex-Chairman's Arrest Led to Three-Day Slump

(Yicai Global) July 9 -- Shares in Chinese property developer Seazen Holdings have showed signs of creeping back up this morning after hitting the daily limit for three straight days following the arrest of former chairman.

The Jiangsu province-based firm's share price [SHA:601155] was down 6.81 percent at CNY29.00 (USD4.21) as of 10.01 a.m.

Until today, it had shed 10 percent each trading day since July 4, when news of Wang Zhensheng's detention for child molestation went public.

Editor: James Boynton

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Keywords: Seazen Holdings , Chairman , Arrest