HK-listed Haichang Ocean Park rebounds as shareholder denies stake sale

Haichang Ocean Park Holdings

02/12/2022 03:03

** Shares of China's theme parks developer and operator
Haichang Ocean Park Holdings Ltd  2255.HK  rebound as much as
29.5% to HK$1.93, after a slump in the previous trading session
    ** Stock is on course for the biggest daily pct rise since
Oct 2021, if gains hold; biggest pct gainer in Hang Seng
Composite Index  .HSCI  and on the Hong Kong bourse
    ** Stock ended down 54% on Thursday on report of sales of
3.47 bln shares, or 45% of the issued share capital, by its
controlling shareholder and executive director Qu Cheng 
    ** Shanghai-based company says its board enquired with Qu,
who said the alleged sale is "completely false, has no factual
basis and is purely a malicious rumour"  urn:newsml:reuters.com:*:nFWN32R1I2
    ** Company says Qu has not sold any shares and continues to
be its controlling shareholder; no abnormal change in business
    ** The Hang Seng Commerce & Industry Index  .HSNC  climbs
0.4%, while the Hang Seng Composite Index  .HSCI  and the Hang
Seng Index  .HSI  both slips 0.4%
    ** As of last close, the stock had slid 6.3% this year
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))