HK-listed game publisher Mobvista rises most in 5 weeks as shareholder ups stake

Reuters2021-05-21

** Shares of game publishing and mobile advertising services provider Mobvista Inc rise as much as 8.5% to HK$7.16, on course for their best day since April 14

** Stock on track for a second consecutive session of gain, among the 30 biggest percentage gainers on the Hong Kong bourse

** Guangdong, China-based co says controlling shareholder Seamless Technology Ltd bought 1.502 mln shares in the open market on May 20 at an average price of HK$6.6990 each

** With the purchase, Seamless raised its stake to 1.13 bln shares, or 70.3% of the issued share capital ()

** The Hong Kong Hang Seng sub-index tracking information technology firms falls 1.1%, while the Hang Seng Tech Index climbs 0.6%

** The Hang Seng China enterprises index gains 0.1%, while the benchmark index slips 0.5%

** As of last close, the stock had surged 36.9% this year

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
6