Hangzhou Sf Intra-City Industrial hits 3-week high on share buyback plan

Hangzhou Sf Intra-City Industrial Co

09/06/2026 05:12

** Shares of Hangzhou Sf Intra-City Industrial 9699.HK jump 9.6% to HK$9.15, their highest level since May 18
** Stock hits the highest since June 2
** China-based intra-city on-demand delivery service provider says it plans to repurchase H shares in the open market for up to HK$400 million ($51.05 million) in a deal to be financed by its own funds
** Share repurchase will demonstrate the company's confidence in its own business outlook and prospects - Co 
** YTD, stock down 21.1%, benchmark Hang Seng Index .HSI down 3.9%
     
     
     
     
($1 = 7.8356 Hong Kong dollars)

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