HK's cloud service provider Weimob rises, says data restoration to complete soon

Weimob

02/03/2020 04:38

** Shares of cloud-based commerce and marketing solutions
service provider Weimob Inc  2013.HK  surge as much as 11% to
HK$5.33 after three straight sessions of decline
    ** Tencent-backed company says production environment of its
software service business has been restored to normal and it
expects its data online restoration to be completed on March 3
 urn:newsml:reuters.com:*:nFWN2AT0EG
    ** Company says the employee who sabotaged the production
environment has been detained by police in Shanghai 
    ** The Shanghai-based company expects the incident to have a
negative impact on its operation and financial conditions in the
short term
    ** As of the previous close, the stock had soared 41.6% so
far this year
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 1.6%
    ** The Hang Seng China enterprises index  .HSCE  rises
1.9%and the benchmark index  .HSI  gains 0.9%

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