Property manager Jinke Smart Services jumps most in over 11 months on new investor

Jinke Smart Services Co

17/12/2021 02:29

** Shares of Chinese property management services provider
Jinke Smart Services Group Co Ltd  9666.HK  surge 16.7% to
HK$31.80, their biggest daily pct gain since Jan. 6
    ** Stock is the most actively traded by turnover in early
trade; biggest gainer in the Hang Seng Composite Index on
properties and construction stocks  .HSCIPC , and among top 10
on the Hong Kong bourse
    ** Chinese developer Jinke Property Group  000656.SZ  says
it has agreed to sell 22% stake in its Hong Kong-listed unit
Jinke Smart Services  to Boyu Capital's unit Broad Gongga
Investment for 3.7 bln yuan ($581.02 mln) urn:newsml:reuters.com:*:nP8N2T000L
    ** Jinke Property's stake in Jinke Smart Services will be
reduced to 30.33% from 52.33% after the deal while Broad Gongga
will hold 22%  urn:newsml:reuters.com:*:nFWN2T116C
    ** Shenzhen-listed stock of Jinke Property falls 1.1%  
    ** Both the Hang Seng Mainland Properties Index  .HSMPI  and
Hang Seng Composite Index on properties and construction stocks
 .HSCIPC  climb 0.3%
    ** Hang Seng Composite Index  .HSCI  and the benchmark Hang
Seng Index  .HSI  both slip 0.6%
    ** As of last close, Hong Kong shares of the Chongqing-based
Jinke Smart Services had fallen 56.3% this year


($1 = 6.3681 Chinese yuan renminbi)

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