IT services group Chinasoft says chairman raises stake; stock jumps

Chinasoft International

02/09/2021 04:49

** Shares of information technology services provider
Chinasoft International Ltd  0354.HK  jump 4.9% to HK$13.76, the
biggest daily percentage gain since Aug. 23 
    ** Stock hits the highest since Aug. 25 and on course to
snap two straight sessions of decline
    ** Beijing-based company says chairman and controlling
shareholder Chen Yuhong on Wednesday bought 1 mln shares, or
0.03% of the issued share capital, in the open market at
HK$13.09 apiece for HK$13.09 mln ($1.7 mln), raising his stake
to 13.03%  urn:newsml:reuters.com:*:nFWN2Q30G4
    ** Says the move reflects chairman's confidence in the
current and long-term development and business growth of the
company
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.3%, and the Hang Seng Tech
Index  .HSTECH  surges 1.4%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 0.6%
and the benchmark index  .HSI  up 0.1%
    ** As of last close, the stock had soared 51.7% this year


($1 = 7.7748 Hong Kong dollars)

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