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

Yadea group

15/12/2023 03:26

** Shares of Chinese electric scooter and electric bicycle
maker Yadea Group Holdings Ltd  1585.HK  rise 5% to HK$14.40, on
course for the biggest one-day pct gain since Nov 15 if trend
holds
    ** Stock hits the highest since Dec 8; on track to end the
week up 7.8% in their best week since early September 
    ** Jiangsu-based company said its controlling shareholder
Qian Jinghong wholly-owned Fang Yuan Investment purchased in the
open market a total 148,000 company shares at an average price
of HK$13.67 each
    ** Hang Seng Composite Index  .HSCI  adds 2.8%, Hang Seng
Index  .HSI  surges 3.1%
    ** Stock up 9.6% YTD 

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