HK Stock Market Move | HANG LUNG PPT (00101) fell more than 3% as the leading decliner in blue chips, announcing that CEO Lo Wei Bok will retire.

HANG LUNG PPT (00101) fell in the afternoon, dropping more than 3% to lead the blue-chip stocks. As of the time of writing, it has fallen by 3.02% to 8.67 Hong Kong dollars, with a turnover of 80.6036 million Hong Kong dollars. On the news front, at midday today, HANG LUNG GROUP and HANG LUNG PPT jointly announced that Mr. Ivan Chan will retire on or before August 31, 2026, and will no longer serve as the group's Chief Executive Officer and Executive Director. The Board is conducting a comprehensive selection process to find Mr. Chan's successor, and Mr. Ivan Chan will assist and facilitate a smooth transition of leadership. Mr. Ivan Chan confirmed that he has no disagreements with the Board and is not aware of any matters related to his retirement that need to be brought to the attention of the shareholders of the Group.