OneRobotics surges on plan to buy more shares

SciClone Pharmaceuticals (Holdings)

Yesterday 04:55

** OneRobotics (Shenzhen) 6600.HK shares jump nearly 20% to HK$69.5, their highest point since June 11
** China-based home robotic systems developer expects to conduct further share purchase for a share incentive scheme on the open market for up to HK$500 mln ($63.79 mln) as they are undervalued and current market price does not fully reflect fundamentals and long-term growth potential
** Board is confident in group's operating performance, long-term development prospects and the investment value of the H Shares - co
** YTD, stock down 22%, Hang Seng TECH Index .HSTECH down 17.6%
($1 = 7.8388 Hong Kong dollars)

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