China's Weimob set for best day in 3 weeks on plan to repurchase more shares

Weimob

30/12/2021 03:55

** Shares of China's cloud-based commerce and marketing
solutions provider, Weimob Inc  2013.HK , rise as much as 6.5%
to HK$7.24, their biggest percentage gain since Dec. 7
    ** Stock, biggest percentage gainer in the Hang Seng Tech
Index  .HSTECH , on course to snap two straight sessions of
decline 
    ** Shanghai-based Weimob says it repurchased 35.46 mln
shares, or 1.4583% of the issued share capital, between Aug. 26
and Nov. 17, and will consider an appropriate opportunity to
repurchase shares in the open market  urn:newsml:reuters.com:*:nFWN2TE06W
    ** Says the board is not aware of any change in the
regulatory regime or in the business ecosystem which may result
in material negative impact on its business prospects 
    ** Says its operations remain normal and it has full
confidence in its future development prospects 
    ** The Hang Seng sub-index tracking information technology
firms  .HSCIIT  rises 0.5%, and the Hang Seng Tech Index
 .HSTECH  climbs 0.3%
    ** The Hang Seng China Enterprises Index  .HSCE  edges up
0.1 and the Hang Seng Index  .HSI  gains 0.2%
    ** As of last close, stock down 51.2% this year

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