China's Huabao surges as chair resumes work after surveillance lifted

Huabao International Holdings

04/07/2023 03:31

** Shares of Huabao International Holdings  0336.HK  jump as
much as 31% to HK$3.80, their highest since April 21, and on
course for third consecutive session of gains
    ** Stock is the biggest pct gainer in Hang Seng Composite
Index  .HSCI  and third biggest gainer on the Hong Kong bourse
    ** Huabao says Chongqing Yongchuan District Police Bureau
lifted residential surveillance on its chairlady and controlling
shareholder Chu Lam Yiu, and she has resumed work
    ** Company had said in January that Chu was placed under
residential surveillance in relation to an investigation for
suspected disciplinary violations 
    ** The Hang Seng Commerce & Industry Index  .HSNC  eases
0.3% while the Hang Seng Composite Index and the Hang Seng Index
 .HSI  both slip 0.2%
    ** As of last close, the stock had dropped 26.8% this year

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