Chinese developer Jiayuan rises on dismissal of winding-up petitions

Jiayuan International

05/07/2022 07:42

** Shares of Chinese property developer Jiayuan
International Group Ltd  2768.HK  rise as much as 39.8% to
HK$0.58, their biggest intraday pct gain since June 20
    ** Stock hits the highest since June 21; biggest pct gainer
in the Hang Seng Composite Index, which tracks properties and
construction stocks  .HSCIPC , and the Hang Seng Composite Index
 .HSCI . 
    ** Jiayuan says two winding-up petitions against the co were
each withdrawn on June 29 and July 4, and no winding-up order
will be granted against the co (https://bit.ly/3uo4Hsq)
    ** Hang Seng Mainland Properties Index  .HSMPI  falls 1% and
Hang Seng Composite Index, which tracks properties and
construction stocks  .HSCIPC , slips 0.4%
    ** The Hang Seng Composite Index  .HSCI  eases 0.2% and the
benchmark Hang Seng Index  .HSI  edges down 0.1%
    ** As of last close, stock down 84.2% this year

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