HK-listed mobile games developer Archosaur surges as Tencent lifts stake

Archosaur Games

06/05/2021 03:38

** Shares of Chinese mobile games developer Archosaur Games
Inc  9990.HK  surge as much as 13.2% to HK$15.90, their biggest
intraday pct gain since Feb. 1, and on track for third
consecutive session of gain
    ** Stock hits highest since April 7 
    ** Tencent Holdings  0700.HK  has increased its stake in
Archosaur Games to 16.88% from 12.88% between April 29 and April
30, according to filings from the Hong Kong bourse  urn:newsml:reuters.com:*:nP8N2MM07B
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.4%, and the Hang Seng Tech
Index  .HSTECH  rises 1%
    ** The Hang Seng China enterprises index  .HSCE  gains 0.7%,
and the benchmark index  .HSI  rises 0.8%
    ** As of last close, the stock had fallen 33.1% this year


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