China Financial Leasing hits over 2-year high; major shareholder sells stake

Long Investment

27/07/2018 03:04

** Shares of China Financial Leasing Group Ltd  2312.HK  rise
3.9 pct to HK$0.80, their highest since March 2016, after a
major shareholder sold its entire stake in the investment firm.
** The stocks trim gains later, sliding 1.3 pct as at 0157 GMT
gain   
** Company says a substantial shareholder has sold all its 350
million shares, or 26.13 pct stake, to a third party at HK$0.3
per share.  urn:newsml:reuters.com:*:nFWN1UM0X6
** As of the previous close, the stock had risen 355.62 percent
so far this year. 
** As of 0157 GMT, about 8.02 million shares of the investment
firm change hands, compared with their 30-day moving average of
19.80 million shares a day.
** Hong Kong benchmark index  .HSI  falls 0.6 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)