HK shares of Shenzhen Expressway rises as parent aims to up stake

Shenzhen International Holdings

19/09/2018 03:39

** Hong Kong-listed shares of Shenzhen Expressway Co Ltd
 0548.HK  rise as much as 3.7 pct to HK$7.38, their highest
since Sept 5
    ** Toll road operator says controlling shareholder plans to
raise stake in the company in the coming six months
    ** Stock later trims gains to HK$7.32, still up 2.8 pct and
on track for its second session of gains
    ** Co says controlling shareholder Shenzhen International
Holdings  0152.HK  started buying up to HK$400 mln ($51 mln)
worth of its Hong Kong shares from Sept 14  urn:newsml:reuters.com:*:nFWN1W40EJ
    ** Co says the move reflects controlling shareholder's
confidence in the company's future development prospects and
will not reduce its shareholding in the company
    ** Shanghai-listed shares of co  600548.SS  edge up 0.4 pct
    ** As of last close, the Hong Kong shares have fallen 10.2
pct so far this year
    ** Shenzhen Expressway has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 1.8 percentage
points in the past one month
    ** The Hong Kong benchmark index  .HSI  rises 0.9 pct
 ($1 = 7.8457 Hong Kong dollars)

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