HK-listed Wenzhou Kangning Hospital hits 5-1/2-year high on China listing plan

Wenzhou Kangning Hospital

25/06/2021 06:38

** Shares of Chinese psychiatric healthcare group Wenzhou
Kangning Hospital Co Ltd  2120.HK  jump 8.2% to HK$51, the
highest since November 2015 and set for a seventh straight
session of gains
    ** Stock last up 7.7%, on track for best day since June 18
    ** Healthcare facilities network operator says it plans to
sell its entire 75% stake in real estate development unit
Wenzhou Guoda Investment Co to chairman Guan Weili for 55 mln
yuan ($8.5 mln) as the company is preparing for the listing of A
shares in the mainland  urn:newsml:reuters.com:*:nFWN2O60I8
    ** Zhejiang-based company says it intends to spin off its
existing real estate business through the disposal to focus on
its main business operation
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  slips 0.1%, and the healthcare index  .HSCIH  gains 0.5%
    ** The Hang Seng China Enterprises Index  .HSCE  rises 1.5%,
and the benchmark index  .HSI  climbs 1.1%
    ** As of last close, the stock had soared 65.2% this year


($1 = 6.4638 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))