BUZZ-China's Phancy jumps most in over 10 weeks on Shenzhen listing progress
Reuters03-26
BUZZ-China's Phancy jumps most in over 10 weeks on Shenzhen listing progress
** Shares of Chinese artificial intelligence $(AI)$ platform and applications company Phancy Group 6682.HK jump 10.8% to HK$38.3, set for the biggest one-day pct gain since January 12
** Stock hits the highest level since March 17, on course for third consecutive session of gains
** Phancy says it intends to launch an initial public offering of yuan-denominated shares and list on the Shenzhen Stock Exchange
** Says Beijing Regulatory Bureau of the China Securities Regulatory Commission has agreed to accept the filing registration for pre-listing tutoring
** YTD, Hong Kong stock down 14.4%, Hang Seng TECH Index .HSTECH down 12.5%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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