Medical devices maker LifeTech climbs on plan to repurchase more shares

LifeTech Scientific

11/12/2018 03:43

** Shares of medical devices maker LifeTech Scientific Corp
 1302.HK  climb 3.4 pct after five straight sessions of declines
    ** Cardiovascular medical devices maker says it repurchased
640,000 shares at HK$1.4963 each on Monday and will buy further
subject to market conditions (https://bit.ly/2QJPu29)
    ** Co says the shares have been undervalued and the share
repurchase is a vote of confidence in its growth and prospects
    ** As of last close, stock had declined 20.9 pct this year
    ** LifeTech has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 16.4 percentage points in the
past month

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