Ping An Healthcare removes CEO, HK-listed shares hit 4-week low

Ping An Healthcare and Technology Co

18/05/2020 08:46

** Shares of China's Ping An Healthcare and Technology Co
Ltd  1833.HK  fall as much as 11% to HK$100, their lowest since
April 20
    ** Company announces removal of Wang Tao from the positions
of chairman, executive director and CEO effective May 15 due to
"personal reasons" without further details  urn:newsml:reuters.com:*:nFWN2CX139
    ** Says it has appointed Fang Weihao as executive director,
acting chairman and CEO 
    ** Stock the 9th most actively traded in late trade 
    ** Later trim loss to HK$103, down 8.3%, heading for biggest
intraday pct decline since Nov. 21, 2019
    ** As of last close, stock up 97.5% this year 
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  up 0.4%
    ** The Hang Seng China enterprises index  .HSCE  up 0.6%,
the benchmark index  .HSI  up 0.5%

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