China Huarong shares set to fall 40% in resumed trade after 9-month halt

China CITIC Financial Asset Management

05/01/2022 01:21

HONG KONG, Jan 5 (Reuters) - Shares of China Huarong Asset
Management Co Ltd  2799.HK  are set to fall 40% as the stock
resumes trading on Wednesday after a nine-month suspension.
    The stock, which has been suspended since April 1, 2021, is
set to open at HK$0.61 each, the lowest since its debut in
October 2015. That compares with a 0.15% rise in the benchmark
Hang Seng Index  .HSI .
    The company 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
     

 (Reporting by Donny Kwok; Editing by Jacqueline Wong)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470;))