HK-listed Cathay Media jumps most in 2 months on share repurchase plan

Cathay group

30/12/2021 05:28

** Shares of film production and education services provider
Cathay Media and Education Group Inc  1981.HK  surge 9.3% to
HK$1.99, on track for their biggest daily pct gain since Oct. 29
    ** Stock on track to snap two straight sessions of decline;
second biggest percentage gainer in the Hang Seng Composite
Index  .HSCI  
    ** Beijing-based co says it may repurchase shares in the
open market for up to HK$100 mln ($12.82 mln)  urn:newsml:reuters.com:*:nFWN2TE00D
    ** Says the share repurchase, to be financed by internal
resources, will demonstrate the company's confidence in its
business outlook and prospects 
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.1%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both gain 0.1%
    ** Stock had fallen 77.9% this year, as of last close

($1 = 7.7986 Hong Kong dollars)

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