Puhui Wealth Investment Management jumps on closing of Granville Financial acquisition

Puhui Wealth Investment Management

09/12/2019 16:23

** Shares of the Chinese portfolio manager  PHCF.O  soar
~19% to hit near 6-month high of $3.12 
    ** Stock among top pct gainers across U.S. exchanges; set
for its best day in nearly 10 months, if gains hold
    ** Co closes the acquisition of Granville Financial Services
Co Ltd for HK$ 29.4 mln ($3.76 mln)  urn:newsml:reuters.com:*:nPn9MB08ka
    ** Granville's assets include securities licenses to conduct
wealth management business and general securities business in
Hong Kong
    ** Stock down ~48% this year


($1 = 7.8249 Hong Kong dollars)

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com;))