Baozun's HK shares surge on acquisition to expand China presence

Baozun

04/02/2021 04:40

** Hong Kong-listed shares of e-commerce service group
Baozun Inc  9991.HK  rise as much as 14% to HK$115, on track for
best session since Jan 27
    ** Stock last up 11.8%; is among the 30 biggest percentage
gainers on the Hong Kong bourse 
    ** Shanghai-based Baozun  BZUN.O  says it will buy brand
building firm Full Jet Ltd for an undisclosed sum as it
accelerates expansion of luxury and premium-brand footprint in
the mainland  urn:newsml:reuters.com:*:nASA01OFR
    ** Baozun, which helps brands execute e-commerce strategies
in China, says the deal is expected to be completed on Feb 10 
    ** The Hang Seng China Enterprises index  .HSCE  slips 1.6%,
and the benchmark index  .HSI  slides 1.5%

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