Hotel operator Huazhu Group shines in Hong Kong debut

H World

22/09/2020 05:01

** Shares of franchised hotels operator Huazhu Group Ltd
 1179.HK  climb as high as HK$312 in Hong Kong debut, up 5.1%
from the offer price of HK$297 apiece
    ** Stock ranks the ninth most actively traded  
    ** Huazhu Group  HTHT.O  offered 20.4 mln shares, raising
HK$6.06 bln ($782 mln) in its secondary offering in Hong Kong
    ** The Shanghai-based co says a report by shortseller
Bonitas Research asserting the group overstated its profits and
assets is without merit and contains numerous errors,
unsubstantiated statements and misleading conclusions      (https://bit.ly/2ZTGRWg)(https://bit.ly/2ROdU9K)
    
    ** The Hang Seng China enterprises index  .HSCE  slides
0.3%, and the benchmark index  .HSI  eases 0.7%

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