HK-listed Ping An Healthcare jumps most in 10 months on buyback

Ping An Healthcare and Technology Co

13/12/2021 02:04

** Chinese online healthcare firm Ping An Healthcare and
Technology Co Ltd  1833.HK  jumps 11% to HK$32.25, set for
biggest daily percentage gain since Feb 11
    ** Stock hits highest since Nov 24; the biggest percentage
gainer in the Hang Seng Tech Index  .HSTECH  and second-biggest
in Hang Seng Composite Index  .HSCI  
    ** Shanghai-based company proposes to buy back up to 56 mln
shares for 1.38 bln yuan ($216.69 mln), as the value of the
shares traded on-market is undervalued  urn:newsml:reuters.com:*:nFWN2SW03T
    ** Says it will conduct the buyback with own financial
resources while maintaining sufficient funds for operations 
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  gains 1.1% and the Hang Seng Tech Index  .HSTECH 
surges 1.9%
    ** The Hang Seng Composite Index  .HSCI  climbs 1.4% and the
benchmark index  .HSI  rises 1.5%
    ** As of last close, the stock had fallen 69.1% this year


($1 = 6.3685 Chinese yuan renminbi)

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