| UP seeks counsel over 15% share drop |
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Dubai-based Union Properties (UP) is looking at its legal options after a report issued by investment bank Morgan Stanley giving the company a negative rating and claiming that house prices in Dubai were likely to fall, sent its shares plummeting 15% in a week. UP has approached DFM regulator, the Emirates Securities and Commodities Authority, to see if it has any legal recourse.
Posted originally: 2008-08-13 06:51:58 |
