Fitness solutions provider Keep Inc jumps on plan to increase share repurchase

Keep

20/05/2024 03:54

** Shares of comprehensive fitness solutions provider Keep
Inc  3650.HK  jump 11.9% to HK$8.25, on course for the biggest
one-day pct rise since May 3
    ** Stock hit the highest since May 14, on track to snap two
straight sessions of fall; sixth biggest pct gainer on Hang Seng
Composite Index  .HSCI  
    ** Co plans to add additional HK$100 mln ($12.82 mln) fund
for repurchase of shares in the open market, intends to finance
the share repurchase by its own financial resources 
    ** Company says it has utilised more than 90% of the HK$16
mln repurchase fund for repurchase of share in the open market
since June 2023
    ** Hang Seng Commerce & Industry Index  .HSNC  and Hang Seng
Composite Index  .HSCI  both climb 0.4% and Hang Seng Index
 .HSI  gains 0.3%
    ** Stock down 42.8% YTD  


($1 = 7.8019 Hong Kong dollars)

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