China Huarong shares set to fall 40% in resumed trade after 9-month halt By Reuters

© Reuters. FILE PHOTO: The logo of China Huarong Asset Management Co is seen at its office in Beijing, China, April 16, 2021. REUTERS/Thomas Peter

HONG KONG (Reuters) – Shares of China Huarong Asset Management Co Ltd are set to fall 40% as the stock resumes trading on Wednesday after a nine-month suspension.

The stock, which has been suspended since April 1, 2021, is set to open at HK$0.61 each, the lowest since its debut in October 2015. That compares with a 0.15% rise in the benchmark .

The company said it applied to resume trading as resumption guidance had been fulfilled, including disclosure of all material information on its business, financial performance and operation in its results.

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