HK-listed Fenbi climbs on chairman adding stake

Fenbi

15/01/2024 05:08

** Shares of tutoring services provider Fenbi  2469.HK  jump
12.4% to HK$4.35
        ** Stock on course for the biggest one-day pct rise
since Aug. 21
  
    ** Co's chairman and key shareholder Zhang Xiaolong bought a
total 491,500 shares on Jan. 11 and 12 for HK$1.97 mln
($251,950), increasing his stake to 31.52% from 31.50%
    ** Co says the increase in shareholding has not triggered
the mandatory general offer obligations of Zhan
    ** Zhang and senior management intend to further increase
their respective shareholdings in the future, co adds
    ** Hang Seng Composite Index  .HSCI  slips 0.1% and Hang
Seng Index  .HSI  eases 0.2%
    ** Stock down 58.7% last year, after listing on Jan. 9, 2023

($1 = 7.8190 Hong Kong dollars)

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