China's electric scooter maker Yadea climbs after key shareholder buys shares

Yadea group

06/11/2023 03:41

** Shares of China's electric scooters and electric bicycles
maker Yadea Group Holdings Ltd  1585.HK  climb 4.4% to HK$15.24,
highest since Oct 13, extending gain for the second session
    ** Jiangsu-based co says its controlling shareholder Fang
Yuan Investment Co Ltd purchased a total 148,000 shares in the
open market, raising its stake in the company to 513.2 mln
shares 
    ** Says Fang Yuan Investment bought the shares at an average
price of HK$13.79 each 
    ** Hang Seng Tech Index  .HSTECH  jumps 4.2%, Hang Seng
Index  .HSI  adds 1.9%
    ** Stock up 15.9% YTD 

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