China VAST jumps most on record as Jinmao offers to take it private

CIG ShangHai Co

10/06/2022 03:57

** Shares of industrial towns developer and operator China
VAST Industrial Urban Development Co Ltd  6166.HK  jump as much
as 25% to HK$2.30 in resumed trade, the biggest daily pct gain
since debut in August 2014
    ** Stock hits the highest since Oct. 29; third biggest
percentage gainer on the Hong Kong bourse
    ** Major shareholder China Jinmao Holdings Group Ltd
 0817.HK  plans to take China VAST private by offering HK$2.40
per share for shares hold by non-controlling shareholders amid
low trading liquidity of the unit  urn:newsml:reuters.com:*:nFWN2XW0XP
    ** The offer price represents a 30.4% premium over China
VAST's previous close of HK$1.84 each prior to a trading halt on
June 6
    ** Shares of property developer China Jinmao fall 1.9% 
    ** Hang Seng Mainland Properties Index  .HSMPI  drops 2.1%
and Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  falls 1.5%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  both slip 0.8%
    ** As of last close, China VAST stock had surged 20.3% this
year

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