Hong Kong Stocks End Week in Red; Zhong Ji Longevity Science Shares Zoom 33%

MT Newswires Live05-31

Hong Kong stocks stayed in the red for the fourth straight session on Friday to end the week in the red, even as the latest data showed that the US economy grew slower than expected in Q1.

The Hang Seng Index fell by 0.83%, or 150.58 points, to close Fridayâs session at 18,079.61. The Hang Seng China Enterprises Index fell by 1.09%, or 70.37 points, to close Fridayâs session at 6,392.58.

In corporate news, Zhong Ji Longevity Science (HKG:0767) agreed to allot a total of 91,088,258 subscription shares at HK$0.215 per share to three subscribers, raising about HK$19.4 million. The companyâs share rose 33% at Fridayâs close.

Six subsidiaries of China Shenhua Energy (HKG:1088, SHA:601088) agreed to contribute a total of 120 million yuan to establish the Guoneng (Beijing) Science and Technology Innovation Seed Fund (Limited partnership), raising the companyâs shares by over 1% on Fridayâs close.

China Risun Group (HKG:0317) will pay out a final dividend of 0.012 yuan per share on June 28 to shareholders on record as of June 14, the companyâs share rose over 3% at Fridayâs close.

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