HK-listed Central China Management jumps on share repurchase plan

Central China Management

01/12/2021 08:00

** Shares of project management services group Central China
Management Co Ltd  9982.HK  jump 10.1% to HK$1.64, their highest
since Sept. 15, and on course for a second session of gains
    ** Henan, China-based co says it may repurchase up to 329.53
mln shares, or 10% of its issued share capital, in the open
market  urn:newsml:reuters.com:*:nFWN2SK1DR
    ** Says repurchase will demonstrate board's confidence in
co's long-term business prospects and co is in stable financial
position and is able to maintain sufficient financial resources
to meet the needs of its business growth 
    ** Hang Seng Mainland Properties Index  .HSMPI  slides 1%,
while the Hang Seng Composite Index tracking properties and
construction stocks  .HSCIPC  eases 0.3%
    ** The benchmark Hang Seng Index  .HSI  climbs 0.9%

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