Workers wearing protective gear handle coffins and coffin boxes at Dongjiao Funeral Home, supposedly designated to handle Covid deaths, in Beijing, China, on Monday, the 19th. December 2022.
Bloomberg | Bloomberg | beautiful pictures
The Hong Kong-listed shares of China’s largest cemetery operator and funeral service operator rose to their highest in more than a year as the country grapples with a wave of Covid-19 infections.
Fu Shou Yuan International Corporation stocks hit a 2022 high of HK$7.04 a share late Friday – up about 80% in two months – as the country abrupt end most of its Covid control measures and saw a spike in case numbers.
Shares of Fu Shou Yuan International Group have fallen nearly 40% for 2022 since November, but they are now on track to gain 15% year-to-date.
The company, with a market capitalization of over $2 billion, Released in 2013 with support from the Carlyle Group and hedge fund company Farallon Investors.
Carlyle co-founder William Conway visited Fu Shou Yuan’s main cemetery in Shanghai with a group of executives in December 2010 before agreeing to buy $25 million worth of stock before going public. company to go public.
