China's Tongdao Liepin posts record drop as Warburg Pincus trims long position

Tongdao Liepin

18/01/2023 05:12

** Shares of Chinese job and headhunting services provider
Tongdao Liepin Group  6100.HK  drop as much as 13.8% to HK$9.91,
set for their biggest daily pct decline since debut in June 2018
    ** Stock hits the lowest since Jan. 4 on the seventh
consecutive session of fall; biggest pct decliner in Hang Seng
Composite Index  .HSCI  and biggest pct loser on the Hong Kong
bourse
    ** Warburg Pincus' long position in Tongdao Liepin falls to
14.74% on Jan. 11 from 15.32%, according a filing from the Hong
Kong stock exchange  urn:newsml:reuters.com:*:nP8N33I01Q
    ** Beijing-based Tongdao Liepin has a current market value
of HK$5.24 bln ($669.69 mln)
    ** The Hang Seng Commerce & Industry Index  .HSNC  climbs
0.01%, while the Hang Seng Composite Index  .HSCI  and the Hang
Seng Index  .HSI  both slip 0.1%
($1 = 7.8245 Hong Kong dollars)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))