HK-listed property manager Excellence jumps as shareholder raises stake

Excellence Commercial Property & Facilities Management

19/04/2021 05:32

** Shares of Excellence Commercial Property & Facilities
Management Group Ltd  6989.HK  rise as much as 9% to HK$10.10,
their highest since March 3 
    ** Stock last up 5.6%, on course for its best session since
March 26
    ** Guangdong, China-based property manager says controlling
shareholder Urban Hero Investments bought 515,000 shares at
HK$9.36 each in the open market on Friday, raising its stake to
719.62 mln shares, or 58.86%  (https://bit.ly/3mZLKYe)
    ** Says co has maintained sufficient public float of the
issued shares following the acquisition 
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  slips 0.2%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  climb 0.8%
    ** As of previous close, stock had fallen 8.8% this year

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