HNA's Hong Kong unit hits 19-mth high on restoration of public float

Tysan Holdings

03/06/2019 03:13

** Shares of property firm Hong Kong International
Construction Investment Management Group Co Ltd  0687.HK , a
unit of China's HNA Group  HNAIRC.UL , surge as much as 10.7% to
HK$3.31 after they resumed trade 
    ** Stock, which halted share trade on May 3, at its highest
since Oct. 19, 2017
    ** Co says its public float has been restored to 25% after
its controlling shareholder completed sale of a 11.28% stake to
2 third party investors, reducing its stake in the unit to 75% https://bit.ly/2WN99BH
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.4%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.5%, and the benchmark index  .HSI  gains 0.1%
    ** ** Property developer's stock up 24.1% so far this year
as of last close
    

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