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1318 — Mao Geping Cosmetics News Story

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China's Mao Geping Cosmetics rises on plan to repurchase shares

BUZZ-China's Mao Geping Cosmetics rises on plan to repurchase shares

** Shares of Mao Geping Cosmetics 1318.HK rise 4.2% to HK$51.35, on track for the biggest one-day pct gain since August 10

** Stock on course to snap three straight falling sessions

** China-based beauty products producer says it plans to repurchase up to 14.7 million H shares in the open market for not exceeding HK$500 million ($63.79 million)

** YTD, stock down 37.9%, benchmark Hang Seng Index .HSI down 1.3%

($1 = 7.8383 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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