China's oral medical group Arrail hits record high on founder assurances

Arrail

21/03/2023 05:06

** Shares of oral medical services provider Arrail Group Ltd
 6639.HK  jump as much as 10.6% to HK$15.48, their highest since
debut on March 22, 2022
    ** Stock is the second biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** Beijing-based Arrail says its founder and chairman Zou
Qifang and certain of his controlled entities have voluntarily
undertook that they will not dispose their shares for six months
commencing from the date of expiration of their respective
lock-up undertakings on March 23
    ** Zou and his controlled entities hold an aggregate of
9.21% of the shares and the lock-up undertakings reflects his
confidence in the company's long-term development prospect -
Arrail
    ** Hang Seng Commerce & Industry Index  .HSNC  edges up 0.2%
while healthcare index  .HSCIH  surges 2.6%
    ** Hang Seng Composite Index  .HSCI  climbs 0.4% and Hang
Seng Index  .HSI  gains 0.3%
    ** As of last close, the stock had surged 41.7% this year
    
  

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