China Jicheng says major shareholder looking to sell shares

Asia Strategy Digit Technology Holdings

15/11/2017 11:17

HONG KONG, Nov 15 (Reuters) - Umbrella maker China Jicheng 
Holdings Ltd  1027.HK  said on Wednesday its 65.68 percent 
controlling shareholder Jicheng Investment Ltd was contemplating 
a possible disposal of the company shares. 
    The contemplation was exploratory at this stage and its 
chairman Huang Wenji-owned Jicheng Investment has not entered 
into any agreement regarding the share sale, the Hong 
Kong-listed firm said. 
    Shares in the umbrella maker soared as much as 25.4 percent 
to over a five-week high at HK$0.148 prior to a trading 
suspension. 
    The stock will resume trading on Thursday. 
    Last month, the company's shareholders approved a share 
consolidation of every 20 existing shares into one share. 
     
 
 (Reporting by Donny Kwok; Editing by David Evans) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: CHINA JICHENG SHARESALE/