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Stock impact report

Shares in China menswear firm HLA surge on Tencent tie-up [Reuters]

Vipshop Holdings Limited American Depositary Shares, each representing two ordinary shares (VIPS) 
Last vipshop holdings limited american depositary shares, each representing two ordinary shares earnings: 3/5 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vip.com
Company Research Source: Reuters
Shares in China menswear firm HLA surge on Tencent tie-up | Reuters Reuters Staff 2 Min Read SHANGHAI, Feb 5 (Reuters) - Shares in Chinese menswear group Heilan Home Co Ltd, also known as HLA, jumped on Monday the maximum 10 percent allowed by the Shanghai exchange after it confirmed an investment from an affiliate of Tencent Holdings Ltd. The clothing firm said late on Friday that Shenzhen Tencent Puhe would take a 5.31 percent stake in the company for 2.5 billion yuan ($396.91 million), reflecting a broader push by tech giant Tencent into retail. Reuters reported last week that Tencent was leading a deal to invest 10 billion yuan in Heilan and would investment a further amount to help set up an industrial investment fund to focus on deals that fit with Heilan’s business. HLA’s shares on Monday hit their highest level since July 2016 after being suspended in late January when it said strategic investors were planning to take a 5 percent stake in the company and set up an investment f Show less Read more
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