HK-listed Phoenix Media at near 2-year high on report of potential reshuffle

Phoenix Media Investment (Holdings)

11/02/2021 03:26

** Shares of satellite television broadcaster  2008.HK  soar
as much as 56.3% to HK$1.11, their highest since March 2019; on
track for fourth consecutive session of gains 
    ** Stock, last up 52.1%, is poised for best day since
listing in June 2000; it is second biggest pct gainer among all
listed cos on Hong Kong bourse 
    ** Co says it is considering split of role of its CEO and
Chairman by appointing a new personnel as CEO; says no decision
has been made and change may or may not happen  urn:newsml:reuters.com:*:nFWN2KF189
    ** Shares of Phoenix Media soared on Wednesday amid a
potential reshuffle in its top ranks, raising speculation that
China's government will step in to take over management of the
unprofitable operator, South China Morning Post reported  (https://bit.ly/3d0YScL)
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  slip 0.1%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)