HK-listed Huanxi hits near 5-week high on share sale plan

Huanxi Media

28/04/2021 05:21

** Shares of China's online video platform operator Huanxi
Media Group Ltd  1003.HK  rise as much as 8.4% to HK$2.33, their
highest since Mar. 26
    ** Stock last up 6.5%, on track for the best day since Feb.
22 
    ** Media and entertainment company plans sale of 218.13 mln
new shares, or 5.91% of the enlarged share capital, to
third-party investors at HK$2.15 each, raising HK$469 mln ($60.4
mln) to fund film and internet drama series production
 urn:newsml:reuters.com:*:nFWN2MK1EH
    ** Both the Hong Kong Hang Seng sub-index tracking
information technology firms  .HSCIIT  and the Hang Seng Tech
Index  .HSTECH  slip 0.1%
    ** The Hang Seng China enterprises index  .HSCE  edges up
0.01%, and the benchmark index  .HSI  climbs 0.1%
    ** As of previous close, the stock had surged 52.5% this
year


($1 = 7.7620 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)