Business

KE Holdings (BEKE) drops after hinting at possible share issuance, causing investor concern over dilution.

by Market News Data

KE Holdings Inc. (BEKE) ended a two-day losing streak, dropping 4.32% to close at $17.74 after hinting at issuing additional shares approved by shareholders in its recent annual meeting. Directors were granted mandates to issue new shares and repurchase own shares, causing concern among investors over potential dilution of existing stocks. Shareholders also approved re-election of two directors.

Read more at Yahoo Finance: KE Holdings (BEKE) Falls as Firm Hints at Share Issuance

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