SHANGHAI :
Wheelock's Shares Surge on HKEX Exit Plan
Zhang Yushuo
DATE:  Feb 27 2020
/ SOURCE:  yicai
Wheelock's Shares Surge on HKEX Exit Plan Wheelock's Shares Surge on HKEX Exit Plan

(Yicai Global) Feb.27 -- Shares of Wheelock and Co. jumped after the Hong Kong-based property developer said that it will delist from the Hong Kong Stock Exchange and grant some of its assets to shareholders.

Wheelock's shares [HKG: 0020] surged by nearly 39 percent to HKD65.65 (USD8.42) today. 

Each investor will receive one share of Wharf Holdings [HKG: 0004], one of Wharf Real Estate Investment [HKG:1997], as well as HKD12, Admiral Power Holdings and Wheelock suggested on Feb. 25, without disclosing the last day of trading. 

Wharf REIC's shares fell 4.9 percent to HKD38.15 this afternoon while the stock of Wharf Holdings has been suspended since Feb. 24.

Editor: Emmi Laine 

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Keywords:   Wheelock and Co.,Wharf