Hengan climbs most in 6 months, saying business as usual despite chairman's absence
BUZZ-Hengan climbs most in 6 months, saying business as usual despite chairman's absence ** Shares of Hengan International 1044.HK climb 2.3% to HK$25.42, on track for the biggest one-day pct gain since December 2, as diaper and tissue paper products maker reassures its business is not affected by the chairman's absence
** Stock set for fifth consecutive session of gains
** Hengan says chairman Sze Man Bok is taking a temporary leave of absence from his duties due to personal health reasons, and the board does not anticipate Sze's absence to have any material adverse impact on its business, financial position, or daily operations
** "The Board wishes to reassure shareholders of the Company and potential investors that the Group’s business operations remain stable and normal and it is “business as usual” for the Group" - co
** YTD, stock down 9.1%, benchmark Hang Seng Index .HSI down 5%
(Reporting by Donny Kwok)
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