China's Chaoju Eye Care jumps on share buyback plan

Chaoju Eye Care Holdings

19/12/2023 03:28

** Shares of Chinese ophthalmic and eye care services
provider Chaoju Eye Care Holdings Ltd  2219.HK  jump 7.1% to
HK$4.50, their highest since Dec 8 
    ** Beijing-based co says it intends to repurchase up to
HK$100 mln ($12.83 mln) worth of shares in the open market,
starting from Dec 19 for a period of 12 months as it aims to
demonstrate confidence in its own business outlook and prospects
    ** Hong Kong's healthcare index  .HSCIH  falls 1.3%, while
the Hang Seng Composite Index  .HSCI  and the Hang Seng Index
 .HSI  both slip 0.6%
    ** Stock up 2.8% YTD 
    
($1 = 7.7958 Hong Kong dollars)

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