HK-listed Zhou Hei Ya falls on report of shareholder trimming stake

Zhou Hei Ya International Holdings

15/01/2020 06:46

** Shares of Chinese snack food producer Zhou Hei Ya
International Holdings Co Ltd  1458.HK  fall as much as 8.8% to
HK$4.88, their lowest since Nov. 21, 2019
    ** Stock on track for the fourth straight session of decline
    ** Tiantu Investments, one of co's top shareholders, has
raised HK$311 mln ($40 mln) through the sale of part of its
stake in Zhou Hei Ya, IFR reported  urn:newsml:reuters.com:*:nL4N29K0Y1
    ** The deal, comprising 63.5 mln shares, was priced at
HK$4.90 each, or a 8.4% discount to Tuesday's close - IFR
    ** Zhou Hei Ya did not immediately respond to a Reuters
request for comment
    ** The company, which is based in China's central Hubei
province, has underperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 6.1 percentage points in the past one
month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.8%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  decline 0.7%


($1 = 7.7759 Hong Kong dollars)

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