HK-listed Sihuan Pharma rises most in near 3 weeks on share buyback

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HK-listed Sihuan Pharma rises most in near 3 weeks on share buyback

Reuters2021-09-17

** Shares of Sihuan Pharmaceutical Holdings Group Ltd rise 8% to HK$2.15, their biggest daily percentage gain since Aug 31

** Stock on track to snap eight straight sessions of losses

** The Beijing-based co says it has repurchased 3.3 mln shares, or 0.03% of the issued share capital, in the open market on Sept 16 for HK$6.52 mln ($837,895) as a vote of confidence in its long-term business prospect

** Says its financial position is solid and healthy, and it may make further share repurchase depending on market conditions

** Hong Kong's healthcare index jumps 4.4% and the Hang Seng Composite Index climbs 0.7%

** The Hang Seng China Enterprises Index rises 1.1% and the benchmark index gains 0.6%

** Stock up 142.7% this year, as of last close

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ProsperTTM
·2021-09-17
K
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- kevinlaisq:
  ok
  2021-09-17
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JiaLe
·2021-09-17
Lnc
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QuantumQuil
·2021-09-17
Yeah
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- JiaLe:
  Ok
  2021-09-17
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TradeLegend
·2021-09-17
?
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- TradeLegend:
  ?
  2021-09-17
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