China's snack foods producer Weilong climbs on share buyback plan

Weilong Delicious Global Holdings

12/06/2026 05:07

** Shares of Chinese spicy snack foods producer Weilong Delicious Global Holdings 9985.HK climb 5.4% to HK$8.4 in the second rising session, their highest level since June 2 
** Stock on course for the biggest one-day pct rise since January 5, if gains hold
** Weilong, with market capitalisation of $2.54 bln, says it plans to buy back shares on the open market for up to HK$200 mln ($25.53 mln) in the next six months to reflects its confidence in its own business development prospects and long-term value
** YTD, stock down 27.2%, benchmark Hang Seng Index .HSI down 3.5%



($1 = 7.8351 Hong Kong dollars)

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