China's restaurant operator Jiumaojiu at 15-month low as CFO quits

Jiumaojiu International Holdings

12/06/2023 05:46

** Shares of Hong Kong-listed Chinese restaurant chain
operator Jiumaojiu International Holdings Ltd  9922.HK  fall as
much as 15.9% to HK$11.52, their lowest since March 2022, and on
course for third straight session of decline
    ** Stock on track for the biggest one-day pct drop since
Sept. 30 if losses hold; biggest pct loser in Hang Seng
Composite Index  .HSCI  and seventh biggest pct decliner on the
Hong Kong bourse
    ** Guangdong-based Jiumaojiu says Li Zhuoguang resigned as
chief financial officer (CFO), vice president and executive
director effective June 9 in order to devote more time on
personal commitments  
    ** Company says Su Danman has been appointed as CFO and an
executive director effective June 9
    ** The Hang Seng Commerce & Industry Index  .HSNC  and the
Hang Seng Consumption Index  .HSCGSI  both ease 0.7% 
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  each slips 0.6%
    ** As of last close, the stock had fallen 34.3% this year

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