China's Yadea rises most in 5 weeks as key shareholder buys shares

Yadea group

05/10/2023 03:29

** Shares of Chinese electric scooters manufacturer Yadea
Group  1585.HK  rise 3.5% to HK$14.20, on course to snap two
consecutive sessions of fall
    ** Stock marks the biggest one-day pct rise since Aug. 30,
if gains hold
    ** Jiangsu-based co says its key shareholder Qian Jinghong
has purchased 614,000 shares in the open market at an average
price of HK$13.70 each through her Fang Yuan Investment Co Ltd,
raising Fang Yuan's shareholding in Yadea to 512.44 mln shares
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.3%
and Hang Seng Tech Index  .HSTECH  climbs 0.8%
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both add 0.3% 
    ** Stock up 8% YTD 
    
  

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