SIH boosted share price

PUBLISHED : Saturday, 08 April, 2000, 12:00am
UPDATED : Saturday, 08 April, 2000, 12:00am

Buying by Li Ka-shing-linked brokerages this week boosted the share price of a Hutchison Whampoa e-commerce partner, Shenzhen International Holdings, brokers said.

The red-chip infrastructure and transport play closed yesterday at 67 cents, up 24.07 per cent from Monday's 54 cents close. The stock fell seven cents, or 11.47 per cent, on Monday.

Sources said CEF GC Brokerage, whose parent company CEF Holdings is 50 per cent-held by Cheung Kong (Holdings), and another brokerage Realight Investment - known to make trades for Cheung Kong - had been buying heavily into Shenzhen International.