CARsgen Therapeutics hits nearly 11-week high on share buyback plan

CARsgen Therapeutics Holdings

13/05/2025 03:47

** CARsgen Therapeutics Holdings 2171.HK jumps 13.7% to HK$18.88, highest since February 27

** Stock set for biggest one-day pct rise since April 22

** Chinese cell therapies developer to repurchase shares representing up to 1% of the total issued shares in the open market within 150 Hong Kong trading days from May 8

** Co says repurchase will be funded through non-IPO raised funds, including business development income, interest income and other subsidy

** YTD, stock up 104.1%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))