China snack food group Zhou Hei Ya rises on plan to repurchase bonds

Zhou Hei Ya International Holdings

05/12/2022 05:29

** Shares of Chinese snack food group Zhou Hei Ya
International Holdings Co Ltd  1458.HK  rise as much as 8.3% to
HK$5.60, their highest since Feb. 24
    ** Stock on track for a sixth straight session of gains
    ** Hubei-based co says it proposes to repurchase part of
aggregate principal amount of its convertible bonds due 2025 in
a deal to be funded by internal resources
    ** Says repurchase will have no material impact on financial
position and will reflect co's confidence in its long-term
business prospects 
    ** The Hang Seng Commerce & Industry Index  .HSNC  jumps
3.9% and the Hang Seng Consumption Index  .HSCGSI  climbs 2.5%
    ** The Hang Seng Composite Index  .HSCI  surges 3.4% and the
Hang Seng Index  .HSI  rises 3.2%
    ** As of last close, the stock had fallen 12.1% this year
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))