China Traditional Chinese Medicine drops most in over 11 yrs as privatisation halts

China Traditional Chinese Medicine Holdings Co

11/08/2021 07:50

** Shares of China Traditional Chinese Medicine Holdings Co
Ltd  0570.HK  fall as much as 14.2% to HK$3.98, biggest intraday
drop since January 2010 
    ** Stock third-biggest decliner on the Hang Seng Composite
Index  .HSCI  
    ** Traditional Chinese medicine maker says controlling
shareholder Sinopharm Group Hongkong Co Ltd has decided not to
proceed with a possible privatisation  urn:newsml:reuters.com:*:nFWN2PH1I2
    ** Stock hits lowest since Jan. 27
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.9%, and the healthcare index  .HSCIH  falls 2.5%
    ** The Hang Seng Composite Index  .HSCI  edges down 0.01%
while the Hang Seng China Enterprises Index  .HSCE  climbs 0.4%


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