A successor has been found. Following the resignation of CEO Adrian Cheng, the third-generation scion of the founding family, he is now likely to be replaced by the company's Chief Operating Officer.
Trading in the shares of $17 (-1,98%) was resumed on Friday, September 27. The market sees the personnel change as a positive sign and the HangSeng share price rose to HKD 9.82 with a plus of (19.9%).
This gain was taken over after the stock exchange opened in Germany, so that the price slide to a value prior to the announcement of the high loss at the beginning of September was evened out and even almost reversed. $17 (-1,98%) at the beginning of September and almost reached the level of the beginning of the year.
The investors of $17 (-1,98%) and $825 will be pleased. In the past, share prices have tended to fall.