HK's healthcare group Meilleure jumps most in 10 mths on share buyback plan

Meilleure Health International Industry

09/09/2021 05:48

** Shares of Meilleure Health International Industry Group
Ltd  2327.HK  soar 26.7% to HK$0.475, biggest daily pct gain
since Nov. 5, 2020
    ** Stock hits its highest since June 30, set for second
session of gains; the sixth-biggest pct gainer on the Hong Kong
bourse
    ** Health care products trader and medical institution
operator says it plans to repurchase up to 10% of its shares in
the open market for HK$100 mln ($12.9 mln)  urn:newsml:reuters.com:*:nFWN2Q91DO
    ** Says cash flow is good enough to support shares
repurchase and business development, in particular the expansion
of its skin health management business 
    ** Hong Kong's healthcare index  .HSCIH  falls 1.3%, while
the material index  .HSCIM  jumps 2.8%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 2%
and the benchmark index  .HSI  is down 1.6%
    ** The stock had dropped 24.2% this year as of last close 

($1 = 7.7772 Hong Kong dollars)

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