Hong Kong-listed Smoore touches 3-week high on share repurchase

Smoore International Holdings

Yesterday 02:56

** Shares of Smoore International Holdings 6969.HK rise 5.2% to HK$8.88, their highest since October 12 
** Stock on track for biggest one-day pct rise since August 26 in its fifth consecutive session of gain
** Electronic vaping and beauty atomisation products maker says it repurchased 1.664 million shares, or 0.0269% of issued share capital, on market for HK$14.11 million ($1.80 million) on November 2
** Deal financed by available cash reserves and free cash flow  
** Co, with a current market value of HK$54.61 billion ($6.96 billion), says share repurchase reflects board and management's confidence in co's long-term strategy and growth and it may make further share repurchases
** YTD, stock down 25.9%, while benchmark Hang Seng Index .HSI down 8.3%
($1 = 7.8461 Hong Kong dollars)

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