China Yurun Food hits nearly 6-month high on honorary chairman's return from detention

China Yurun Food

23/01/2019 04:00

** Shares of China Yurun Food Group Ltd  1068.HK  surge as
much as 27.7 pct to HK$1.06, their highest since July 31, 2018 
    ** Stock soars after the meat product processor said its
honorary chairman has returned home following years of detention
    ** Co says it received notice from family members of Zhu
Yicai, the honorary chairman and senior adviser to the board,
that Zhu has returned home   https://bit.ly/2WbY2Pp
    ** Co says Zhu, which owns 25.82 pct of China Yurun, does
not participate in the firm's daily business operations 
    ** China Yurun said in March 2015 that People's
Procuratorate imposed measures on Zhu and that he was required
to stay at a designated residence in China since March 23, 2015 
 https://bit.ly/2sHXWRX
    ** Co said in 2016 that Zhu had been placed under "coercive
measures" in March 2015, a term that usually means detention,
and this had affected the company's ability to raise funds 
    ** China Yurun has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 23.0 percentage points in the
past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.4
pct and the benchmark index  .HSI  edges up 0.1 pct

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