Maoyan Entertainment climbs most in two months on share buyback plan
06/10/2026 03:27
BUZZ-Maoyan Entertainment climbs most in two months on share buyback plan ** Shares of Maoyan Entertainment 1896.HK climb 3.7% to HK$3.74, on course for biggest one-day pct gain since August 10
** Stock on track to snap three consecutive sessions of declines
** Chinese online entertainment ticketing, content and advertising services provider plans to repurchase shares on the open market for up to HK$250 million ($31.86 million)
** Share repurchase to reflect confidence of the board and the management in the company's business outlook and growth
** Says the company will finance the repurchase of shares from its existing available cash reserves and free cash flow
** YTD, stock down 46.4%, benchmark Hang Seng Index .HSI down 5.5%
($1 = 7.8473 Hong Kong dollars)
(Reporting by Donny Kwok)
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