Dow Jones Newswires: Chinese Estates shares drop 31% after privatization plan falls through

Shares of Chinese Estates (Holdings) Ltd. fell 31% on Monday after it said its proposed privatization won’t proceed as it failed to receive a majority of shareholders’ votes.

Shares of Chinese Estates (Holdings) Ltd. fell 31% on Monday after it said its proposed privatization won’t proceed as it failed to receive a majority of shareholders’ votes.