China's Hygeia Healthcare shares rise on fresh business update

Hygeia Healthcare Holdings Co

13/12/2023 04:18

** Shares of China's hospital group Hygeia Healthcare
Holdings Co Ltd  6078.HK  surge 9.3% to HK$36.50, on course for
the biggest one-day pct rise since Dec 22, 2022, if trend holds
    ** Stock is the third biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** Shanghai-based co says its business operation has been in
"good condition" with no material adverse change to business
operation and financial position
        ** Says it has remained "positive" on its operational
performance and development in hospital business
  
    ** Recent integration of two hospitals in China's Yixing and
Xian, acquisition of hospital in Qufu will bring synergies,
improving overall operational efficiency and profitability - co
    ** Hong Kong's healthcare index  .HSCIH  slips 0.2%, Hang
Seng Composite Index  .HSCI  eases 0.8%, Hang Seng Index  .HSI 
down 0.7%
    ** Stock down 37.5% YTD 

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