Guotai Junan International Shares Surge After Chairman Returns
- Yim Fung resumes duties after assisting with China probes
- Stock surges to three-week high in Hong Kong trading
Yim Fung, Executive Chairman and CEO of Guotai Junan International Holdings Ltd.
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Guotai Junan International Holdings Ltd. shares surged the most in seven weeks in Hong Kong after the brokerage said its Chairman and Chief Executive Officer Yim Fung will resume his duties after a five-week absence to aid investigations by Chinese authorities.
Neither Yim nor Guotai Junan International, the Hong Kong unit of one of China’s biggest securities companies, were subjects of the probes, the company said in a filing to Hong Kong’s stock exchange. The company’s operations are normal and stable, it said.