China's chemical group Dongyue surges most in over 7 weeks on share buyback

Dongyue

16/12/2021 07:17

** Shares of chemical engineering group and refrigerants
maker Dongyue Group Ltd  0189.HK  surge 8.5% to HK$12.70, on
track for their biggest daily percentage gain since Oct. 25
    ** Stock up for a second straight session; sixth biggest
percentage gainer in the Hang Seng Composite Index  .HSCI  
    ** Shandong, China-based co says it repurchased 499,000
shares for HK$5.69 mln ($729,188) on Dec. 15, a deal to be
funded by internal resources  urn:newsml:reuters.com:*:nFWN2T019J
    ** Co, with current market value of HK$28.48 bln ($3.65
bln), says it is in a healthy financial position and is
confident in its long-term development 
    ** Hang Seng Commerce & Industry Index  .HSNC  eases 0.3%,
while Hang Seng Composite Index on industrials  .HSCIIG  rises
1.6%
    ** Hang Seng China Enterprises Index  .HSCE  slips 0.4% and
the benchmark Hang Seng Index  .HSI  eases 0.1%
    ** As of last close, the stock had soared 90.2% this year

($1 = 7.8032 Hong Kong dollars)

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