HK's Shanghai Industrial Urban Development jumps on share buyback

Shanghai Industrial Urban Development

04/10/2019 04:45

** Shares of property developer and hotel operator Shanghai
Industrial Urban Development Group Ltd  0563.HK  climb as much
as 9.1% to HK$1.08, the highest since Sept. 24
    ** Company has repurchased 300,000 shares, representing
0.006% of the issued share capital, at an average price of
HK$0.99 each on Oct. 3 (https://bit.ly/2MfjIpt)
    ** As of Thursday's close, the stock has fallen 20.9% this
year
    ** Shanghai Industrial has underperformed the Hang Seng
Property Index sector  .HSNP  by 11.6 percentage points in the
past one month
    ** The Hang Seng China enterprises index  .HSCE  eases 0.6%,
and the benchmark index  .HSI  slides 0.7%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)