Chinese property firm Ronshine rises most in 5 weeks on $23.5 mln bond buyback

Ronshine China Holdings

03/11/2021 02:19

** Shares of Chinese property developer Ronshine China
Holdings Ltd  3301.HK  rise 5% to HK$3.13, biggest daily pct
gain since Sept. 30, and on course to snap seven straight
sessions of losses
    ** Stock is the fifth-biggest pct gainer on the Hang Seng
Composite Index tracking properties and construction stocks
 .HSCIPC  
    ** Ronshine China says it has made open market repurchases
of part of its notes in the total principal amount of $23.45 mln
between Oct. 20 and Nov. 2  urn:newsml:reuters.com:*:nFWN2RT184
    ** Shanghai-based co says it may further repurchase its
senior notes as and when appropriate
    ** The Hang Seng sub-index tracking property firms  .HSNP 
slips 0.1%, while the Hang Seng Composite Index tracking
properties and construction stocks  .HSCIPC  gains 0.2%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.3%,
and the benchmark index  .HSI  eases 0.4%
    ** The stock fell 45% this year as of last close 

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