Sirnaomics Chairman Boosts Stake; Shares Jump 14%

MT Newswires Live12-09

Sirnaomics (HKG:2257) said Chairman and Executive Director Poon Hung Fai bought 100,000 shares in the open market on Dec. 8 at an average price of about HK$6.83 each, for a total consideration of roughly HK$683,000, according to a Monday Hong Kong bourse filing.

Shares of the biotechnology company were up nearly 14% in Tuesday's late morning trade

After the purchase, Poon is interested in about 17.6 million shares, or 16.44% of the company's issued share capital.

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