China's Greentown Management jumps after CEO raises stake

Greentown Management Holdings Co

27/06/2022 05:30

** Shares of Greentown Management Holdings Co Ltd  9979.HK 
surge 7.1% to HK$5.89, the biggest daily pct gain since March 22
    ** Stock hits the highest since May 5 on its third straight
session of gain; third-biggest pct gainer in Hang Seng Composite
Index on properties and construction stocks  .HSCIPC  
    ** The property management service arm of Greentown China
Holdings  3900.HK  says its CEO Li Jun has bought an aggregate
508,000 shares in the open market for a total HK$2.75 mln
($350,381) on June 23 and 24, as a vote of confidence in 
development prospects and potential the company  urn:newsml:reuters.com:*:nFWN2YA0ZW
    ** Li's stake in Greentown Management will be increased to
21.19 mln shares, or 1.05% of the issued share capital
    ** Shares of property developer Greentown China rise 4.2%   
    ** Hang Seng Mainland Properties Index  .HSMPI  surges 3.1%,
 Hang Seng Composite Index on properties and construction stocks
 .HSCIPC  rises 2.2%, and Hang Seng Index  .HSI  jumps 3.2%
    ** As of last close, stock of Greentown Management had
gained 3% this year, while Greentown China had risen 16.7%
($1 = 7.8486 Hong Kong dollars)

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