Jiacheng International Clarifies It Has No Ties to Li Ka-shing, Says Name Similarity Only

Deep News14:40

On the afternoon of October 15, shares of Guangzhou Jiacheng International Logistics Co.,Ltd. (SHA: 603535) hit their daily limit, driven by market rumors.

A personal investor inquiry was made to the securities department of Guangzhou Jiacheng International Logistics Co.,Ltd. (SHA: 603535), and a staff member explicitly responded that the company has no relationship whatsoever with CKH HOLDINGS (SEHK: 00001) and that the only similarity is the name.

The staff member also noted that some quantitative funds in the market capture keywords to conduct short-term speculation, and the company is currently operating normally.

Data shows that Guangzhou Jiacheng International Logistics Co.,Ltd. (SHA: 603535) was founded in 2000, headquartered in Guangzhou, and listed on the Shanghai Stock Exchange main board in August 2017. It is a service provider offering customized logistics solutions and full-process integrated supply chain logistics.

As of press time, shares of Guangzhou Jiacheng International Logistics Co.,Ltd. (SHA: 603535) were trading at 6.73 yuan per share, up 9.97%, with a total market capitalization of 3.44 billion yuan.

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