Chow Tai Fook (01929) rose nearly 6% intraday, as of the time of publication, up 4.24% to HK$7.86, with a turnover of 0.188 billion Hong Kong dollars.
According to the Guosen Securities APP, Chow Tai Fook (01929) rose nearly 6% intraday, up 4.24% to HK$7.86 as of the time of publication, with a turnover of 0.188 billion Hong Kong dollars.
On the news front, NWS Holdings announced a proposal to change the company's English name from "NWS Holdings Limited" to "CTF Services Limited", and to adopt "Chow Tai Fook Creation Limited" as the company's Chinese secondary name to replace the current Chinese name for identification purposes. In addition, the duties of director Lin Zhan will be adjusted from Chief Financial Officer to Chief Operating and Financial Officer starting October 1.
New World Development announced that it is currently discussing the potential sale of all shares held by the group in KTSPL to Chow Tai Fook Enterprises. It is reported that KTSPL was awarded the design, construction, and operation contract for the Kai Tak Sports Park in 2018. The company is currently held by a wholly-owned subsidiary of New World with 75% equity and a wholly-owned subsidiary of NWS Holdings with 25% equity.