China Huarong hits record low in resumed trade after 9-month trading halt

China CITIC Financial Asset Management

05/01/2022 02:09

** Shares of China Huarong Asset Management Co Ltd  2799.HK 
drop as much as 42.2% to HK$0.59, the lowest since debut in
October 2015
    ** Stock set for worst day on record; the biggest percentage
decliner on the Hong Kong bourse and among the 30 most actively
traded by turnover 
    ** China Huarong said it applied to resume trading as
resumption guidance had been fulfilled, including disclosure of
all material information on its business, financial performance
and operation in its results  urn:newsml:reuters.com:*:nFWN2TJ0Z2
    ** Says the company has sufficient level of operations and
assets of sufficient value to support its operations, and is
capable of demonstrating its compliance with the listing rule
    ** Hang Seng Composite Index on financials stocks  .HSCIF 
climbs 0.9%, the Hang Seng Finance Index  .HSNF  rises 1.03%
while Hang Seng Index  .HSI  eases 0.6%


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