HK-listed video game group Feiyu hits over 3-1/2 year high on share sale plans

Feiyu Technology International

26/04/2021 03:26

** Shares of China's video game developer and distributor
Feiyu Technology International Co Ltd  1022.HK  jump as much as
118.8% to HK$1.40, their highest since September 2017, set for
fourth straight session of gains
    ** Stock last up 57.8%, on track for its best day since Feb.
8; is the biggest percentage gainer on the Hong Kong bourse
    ** Fujian-based company plans to issue 171.88 mln new
shares, or 10% of the enlarged share capital, to a third party
THL H Ltd for HK$119.3 mln ($15.4 mln), raising capital for
product development, for publishing and marketing  urn:newsml:reuters.com:*:nFWN2MG0QR
    ** The new shares will be issued at HK$0.6941 apiece, or a
8.45% premium over Friday's close of HK$0.64  
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises 1.6%, and the Hang Seng Tech
Index  .HSTECH  climbs 1.3%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  gain 0.2%
    ** As of the previous close, the stock had soared 255.6%
this year


($1 = 7.7605 Hong Kong dollars)

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))