Hangzhou SF rises most in 3-1/2 months as major shareholder buys shares
BUZZ-Hangzhou SF rises most in 3-1/2 months as major shareholder buys shares ** Shares of Hangzhou SF Intra-City Industrial 9699.HK rise 7.1% to HK$9.15, on track for the biggest one-day pct gain since June 2
** China-based intra-city on-demand delivery service provider says major shareholder, S.F. Holding 002352.SZ, 6936.HK, acquired 45.844 million H shares, or 4.9973% of the issued share capital, by a block trade
** S.F. Holding's shareholding in the company increases to 582.35 million shares from 536.50 million shares, or rises to about 63.5% from about 58.5%
** Move demonstrates S.F. Holding's confidence in the company's business prospects, and the key shareholder also indicates that it currently has no plan to reduce shareholding in the company - Hangzhou SF
** YTD, stock down 17.6%, benchmark Hang Seng Index .HSI down 3.4%
(Reporting by Donny Kwok)
Recent news on Hangzhou Sf Intra-City Industrial
See all newsHangzhou SF rises most in 3-1/2 months as major shareholder buys shares
China's SF Intra-City H1 profit more than doubles on strong delivery demand
Hangzhou Sf Intra-City Industrial hits 3-week high on share buyback plan
Brief: Hangzhou Sf Intra-City Industrial To Repurchase Up To Hk$400 Million Of H Shares In Open Market
Brief: Hangzhou Sf Intra-City Industrial's Unit, Others Enter Into Suzhou Xiaoyu Chengxi Venture Investment Partnership Agreement