Italy yacht maker Ferretti falls most in a month as senior management quits

Ferretti SpA

04/09/2024 03:45

** Hong Kong shares of Italy-based luxury yacht producer
Ferretti SpA  9638.HK  fall 5.6% to HK$21.95, on track for
biggest one-day drop since Aug 5, if trend holds 
    ** Stock hit the lowest since Aug 13
    ** Ferretti  YACHT.MI  said Stefano De Vivo decided to leave
his position as Chief Commercial Officer of Ferretti Group and
Managing Director of Wally 
    ** Company says de Vivo's resignation will not have any
material adverse impact on the group's business operation
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 1.7%
and Hang Seng Index  .HSI  declines 1.5%
    ** Hong Kong stock down 6.3% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))