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CHINA VANKE Spikes ~14% Once; SZMC Chair Xin Jie Succeeds as CHINA VANKE Chair
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CHINA VANKE (02202.HK) last traded at $6.1, up $0.44 or 7.8%, involving $93.8 million. This morning's peak was at $6.43, up almost 14%, setting a one-month high. The company had announced yesterday that Yu Liang resigned as chairman due to work adjustments, and was replaced by Xin Jie, party secretary and chairman of Shenzhen Metro Group Co., Ltd. (SZMC). A Chinese media quoted the person in charge of Shenzhen's State-owned Assets Supervision and Administration Commission (SASAC) as emphasizing that the assets of Shenzhen SASAC had exceeded RMB5 trillion by the end of 2024, which was enough to support SZMC in promoting CHINA VANKE's stable development. AAStocks Financial News |
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