Hong Kong's Tsaker Chemical claws back, says in normal operation

Tsaker New Energy Tech

10/01/2019 02:40

** Shares of Tsaker Chemical Group Ltd  1986.HK  recover
from steep falls on Wednesday, soar as much as 59.2 pct in their
biggest intraday pct gain since listing in July 2015
    ** China-based dye intermediates maker says it is in normal
operation and the management has full confidence in its growth
    ** Stock plunged 71.3 pct in the previous session in their
biggest intraday pct decline ever
    ** Company says it is not aware of any specific reasons for
"such price movement"  urn:newsml:reuters.com:*:nFWN1Z916O
    ** Company also says it repurchased 3.46 million shares at
HK$4-HK$5.62 each between Dec 13 and Jan 9, and the buyback will
not result in the public shareholding falling below the required
minimum level
    ** Tsaker Chemical has underperformed the Hang Seng Commerce
& Industry Index sector  .HSNC  by 68.5 percentage points in the
past one month
    ** The Hong Kong benchmark index  .HSI  slides 0.5 pct

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