Chinese property firm Hailan says unable to reach chairman

Hailan Holdings

20/06/2017 02:32

HONG KONG, June 20 (Reuters) - Chinese property developer 
Hailan Holdings Ltd  2278.HK  said it has been unable to make 
contact with its chairman Yeung Man since last Friday but the 
company's operations were "normal and stable". 
    It has appointed Chief Executive Zhou Li to act as chairman 
until further notice, it said in a filing to the Hong Kong 
bourse late on Monday. 
    Hailan, a relatively small Chinese firm with a market 
capitalisation of $167 million, is headquartered in Sanya, on 
the southern Chinese island of Hainan. It listed last July. 
    Hailan shares have climbed 4.8 percent so far this year, 
lagging a 17.8 percent jump in the benchmark index  .HSI . 
    There were no bids for the stock in early Tuesday trade. It 
closed at HK$4.35 on Monday. 
        
($1 = 7.7985 Hong Kong dollars) 
 
 (Reporting by Donny Kwok; Editing by James Pomfret and Edwina 
Gibbs) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: HAILAN HOLDINGS CHAIRMAN/