China's dental group Angelalign Technology rises on share buyback plan

Angelalign Technology

04/07/2023 05:49

** Shares of clear aligner dental treatment solution
provider Angelalign Technology Inc  6699.HK  rise as much as
6.3% to HK$70.70, on course for the biggest one-day pct rise
since June 2, if gains hold
    ** Shanghai-based dental group says it plans to repurchase
shares for up to HK$100 mln ($12.77 mln) in a move to reflect
its confidence in the long-term growth and market performance of
the company 
    ** Says its controlling shareholder CareCapital Orthotech
has acquired 313,000 shares on the market for HK$21.1 mln,
raising its shareholding in the company to 100.3 mln shares or
59.1% stake
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
0.9% and the healthcare index  .HSCIH  climbs 0.3%
    ** The Hang Seng Composite Index  .HSCI  gains 0.4% and the
Hang Seng Index  .HSI  adds 0.6%
    ** As of last close, the stock had dropped 45.4% this year


($1 = 7.8288 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))