Hong Kong Stocks Movement | HANG LUNG PPT (00101) Drops Over 3%, Leading Blue-Chip Declines as CEO Lo Wei Por Announces Retirement

Stock News12-18

HANG LUNG PPT (00101) extended losses in the afternoon session, falling over 3% to lead blue-chip declines. As of press time, the stock was down 3.02% at HK$8.67, with a turnover of HK$80.60 million.

The decline follows a joint announcement by HANG LUNG Group and HANG LUNG PPT that CEO Lo Wei Por will retire on or before August 31, 2026, stepping down from his roles as Group CEO and Executive Director. The board has initiated a comprehensive search for Lo's successor, and Lo will assist in ensuring a smooth leadership transition.

Lo confirmed there are no disagreements with the board and no undisclosed matters requiring shareholders' attention regarding his retirement.

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