CMB warrants sold - loss taken

A slightly late report. I sold my CMB warrants (HK:27619) on 1st April at HK$0.16 per warrant. This compares with thepurchase price of HK$0.196 paid back in January . The loss was about 19% (after costs). The primary reason for selling was the media reports about a potential need for CMB to raise additional capital. Capital raisings in Hong Kong are often done by way of a placement at a discount to market value which are detrimental and value destroying to existing shareholders.

Time to take the loss and move on. Fortunately, only a trivial amount of money was involved.