China's Zhou Hei Ya jumps to over 1-year high on more funding for share buyback

Zhou Hei Ya International Holdings

15/04/2025 07:58

** Shares of braised food maker and retailer Zhou Hei Ya International 1458.HK jump 10% to HK$2.53, their highest since November 2023

** Stock on track for biggest one-day pct rise since October 2, 2024; third biggest pct gainer on Hang Seng Composite Index .HSCI, which slips 0.3%

** Co says its board has approved additional funding of up to HK$100 mln ($12.89 mln) for share repurchase, on top of HK$400 mln approved in March 2024, to reflect confidence in business outlook and prospects

** Co has repurchased 226.86 mln shares in the open market since March 28, for an aggregate HK$390 mln

** Stock up 42.9% YTD

($1 = 7.7565 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))