HK-listed Aidigong Maternal hovers near 3-year high; plans share sale

Aidigong Maternal & Child Health

03/06/2021 04:46

** Shares of Aidigong Maternal & Child Health Ltd  0286.HK 
surge as much as 18.4% to HK$0.90, highest since September 2018
and is the fourth biggest percentage gainer on the Hong Kong
bourse
    ** Shares have climbed 50% so far this week, riding demand
for birth- and fertility-related stocks after China announced
3-child policy on Monday  urn:newsml:reuters.com:*:nL2N2NI0CX
    ** Plans to sell 190 mln new shares, or 4.73% of the
enlarged share capital, raising HK$117.8 mln ($15.18 mln) to pay
down debt and for working capital  urn:newsml:reuters.com:*:nFWN2NK0D5
    ** Says new shares will be issued at HK$0.62 apiece, or a
18.42% discount to Wednesday's close
    ** Hong Kong's healthcare index  .HSCIH  gains 0.7%
    ** The Hang Seng China enterprises index  .HSCE  eases 0.2%,
and the benchmark index  .HSI  slips 0.3%
    ** As of last close, the stock had surged 55.1% this year


($1 = 7.7579 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)