Hygeia jumps most in 16 months on plan for share buybacks, dividends
BUZZ-Hygeia jumps most in 16 months on plan for share buybacks, dividends ** Shares of Hygeia Healthcare Holdings 6078.HK jump 10.9% to HK$9.05, on course for the biggest one-day pct gain since February 2025
** Stock hit the highest point since June 15 and is on track to snap three straight sessions of declines
** The medical services provider approves a shareholder return plan to utilize 500 million yuan ($73.9 million) for delivering returns to its shareholders for each of the three financial years ending in December 2028 by way of share repurchase and dividend distribution
** Hygeia also says the number of its outpatient visits for the first five months rose 4% y/y to about 1.45 million, and the number of surgeries completed by the group was up 7.6% y/y at about 38,000
** YTD, stock down 30.3%, Hang Seng Healthcare Index .HSHCI down 16.4%
($1 = 6.7639 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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