China's FS.COM jumps most in over 4 weeks on buyback plan
11/06/2026 06:12
BUZZ-China's FS.COM jumps most in over 4 weeks on buyback plan ** FS.COM 3355.HK jumps 10.7% to HK$32.98, on course for the biggest one-day pct gain since May 11
** China-based direct-to-consumer network solutions provider says it plans to repurchase a maximum of 5% of the issued H share capital in the open market for up to HK$350 mln ($44.67 mln)
** The current share trading price does not fully reflect the company's intrinsic value and business prospects, and the share repurchase will demonstrate the board's confidence in the group's long-term business prospects, co says
** Since the trading debut in Hong Kong on March 23, stock has declined 20.7% from the offer price of HK$41.6 apiece
** YTD, benchmark Hang Seng Index .HSI down 5.7%
($1 = 7.8358 Hong Kong dollars)
(Reporting by Donny Kwok)