Agile's unit A Living falls after shareholder trims long position

A-Living Smart City Services

27/01/2022 06:08

** Property management services provider A Living Smart City
Services Co Ltd  3319.HK  falls 5.4% to HK$14.48, biggest daily
pct decline since Jan. 13
    ** Stock on track for third straight sesson of losses   
    ** Gongqingcheng A-Living Investment Management sold 25.2
mln shares in A Living Smart City at HK$3.06 each on Jan 25,
taking its long position in the Agile Group's  3383.HK  unit to
3.89% from 5.66%, according to a HKEx filing  urn:newsml:reuters.com:*:nP8N2U502J
    ** Shares of Agile Group fall as much as 5.9% in the worst
day since Jan. 13, tracking slump in China property stocks as
planned U.S. rate hike adds to woes  urn:newsml:reuters.com:*:nL1N2U7048
    ** Hang Seng Mainland Properties index  .HSMPI  drops 2.8%
and Hang Seng Composite index on properties and construction
stocks  .HSCIPC  falls 1.9%
    ** Hang Seng China Enterprises index  .HSCE  declines 2.8%,
and the benchmark Hang Seng index  .HSI  is down 2.4%
    
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))