HK-listed China Silver falls most in 6 yrs on suspension order for unit

China Silver

08/06/2021 03:07

** Shares of China Silver Group Ltd  0815.HK  fall as much
as 24.2% to HK$0.75, biggest intraday pct decline since July
2015 
    ** Stock hits the lowest since Jan. 18; the fourth-biggest
pct decliner on the Hong Kong bourse
    ** Silver products maker says China's Jian City Yongfeng
Ecology and Environment Bureau has ordered its subsidiary to
suspend production from April 26, pending completion of
rectification measures  urn:newsml:reuters.com:*:nFWN2NP0Q2
    ** Says production and storage facilities of silver ingots
and palladium manufacturing unit had been in contravention of
certain national environmental laws
    ** Suspension expected to hit 2021 rev; co assessing impact
of suspension and implementation of rectification measures on
its operations and financial performance
    ** Hong Kong's material index  .HSCIM  edge down 0.03%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.5%, and the benchmark index  .HSI  gains 0.4%


 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))