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 Friday's session at 18,079.61. The Hang Seng China Enterprises Index fell by 1.09%, or 70.37 points, to close Friday's 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 company's share rose 33% at Friday's 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 company's shares by over 1% on Friday's 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 company's share rose over 3% at Friday's close.
