China's Ocumension Therapeutics jumps on share buy-back plan

Ocumension Therapeutics

29/11/2023 05:19

** Shares of China's ophthalmic therapies developer
Ocumension Therapeutics  1477.HK  jump as much as 5.8% to
HK$7.07, on course for the biggest one-day pct rise since July
4, if trend holds
    ** Jiangsu-based co proposes to repurchase shares in the
open market for up to HK$100 mln ($12.83 mln) to enhance shares'
value and improve return to shareholders while reflecting the
company's confidence in the long-term business prospects 
    ** Hong Kong's healthcare index  .HSCIH  and Hang Seng Index
 .HSI  both fall 1.8%
    ** Stock down 28.8% YTD 
($1 = 7.7972 Hong Kong dollars)

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