Chinese electric scooter maker Yadea climbs after key shareholder buys shares

Yadea group

12/12/2023 06:22

** Shares of Chinese electric scooter and electric bicycle
maker Yadea Group Holdings  1585.HK  climb 2.8% to HK$13.88
    ** Jiangsu-based co says its controlling shareholder Qian
Jinghong's wholly-owned Fang Yuan Investment has purchased
424,000 company shares at an average price of HK$13.53 apiece,
raising Fang Yuan's holding to 513.63 mln shares 
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both gain 0.7%
    ** Stock up 5.4% YTD 

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