HK's Perfect Medical jumps on share buyback; chairman raises stake

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HK's Perfect Medical jumps on share buyback; chairman raises stake

Reuters2021-09-17

** Shares of slimming and beauty services provider Perfect Medical Health Management Ltd jump 7.3% to HK$6.20, their biggest daily percentage gain since Sept 3

** Stock on course to snap four consecutive session of losses

** Co says it bought back 1 mln shares in the open market for HK$5.7 mln ($732,525) on Sept 16

** Says Chairman Au-Yeung Kong has also bought 1 mln shares in the open market for HK$5.8 mln on Sept 16, raising his stake in the company to 72.23% from 72.15%

** Co says chairman may consider increasing his stake further in the company when appropriate

** The Hong Kong Hang Seng Commerce & Industry Index surges 2.3%, and the healthcare index jumps 4.5%

** The Hang Seng China Enterprises Index rises 1.2% and the benchmark index gains 0.7%

** As of last close, stock up 83% this year

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javiery
·2021-09-17
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