China's Fire Rock set for worst day in 5-1/2 years as CEO quits

Fire Rock Holdings

21/12/2021 04:13

** Shares of browser and mobile games developer Fire Rock
Holdings Ltd  1909.HK  drop 20% to HK$0.76, the biggest daily
percentage drop since May 2016, extending losses for a fifth
straight session
    ** Stock hits lowest since August 2020, fifth biggest
percentage decliner on the Hong Kong bourse
    ** Guangdong, China-based co, with market valuation of about
HK$3 bln ($384.65 mln), says Su Yi has submitted his resignation
as an executive director and chief executive officer with effect
from Dec. 20, to focus on personal engagements  urn:newsml:reuters.com:*:nFWN2T50GK
    ** Co says it seeks a person with experience in overseas
market or blockchain for the CEO role through open or overseas
recruitment as it looks to develop overseas business 
    ** Hang Seng sub-index tracking information technology firms
 .HSCIIT  rises 0.7% and Hang Seng Tech Index  .HSTECH  gains
0.3%
    ** Hang Seng Composite Index  .HSCI  climbs 0.6% and Hang
Seng Index  .HSI  rises 0.4%
    ** Stock down 19.2% this year, as of last close 

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