Taihai Nuclear Shares Chill as Courts Freeze Main Shareholder's Stakes
Dou Shicong
/SOURCE : yicai
Taihai Nuclear Shares Chill as Courts Freeze Main Shareholder's Stakes

(Yicai Global) July 12 -- Share's in Taihai Manoir Nuclear Equipment dived in the afternoon after the Shandong-based firm revealed that the bulk of shares in its parent company Taihai Group have been frozen by courts in disputes with financial institutions.

The stock [SHE:002366] price of the reactor casing maker tanked 7.05 percent to CNY8.18 (USD1.2) at 1.36 p.m.

With a 43.54 percent stake, Taihai Group is Taihai Nuclear's largest shareholder, and almost 97 percent of its shares are now on ice.

Editor: Ben Armour

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Keywords: Taihai Manoir Nuclear Equipment , Frozen Shares