HK-listed Huanxi Media at 2-1/2-year high on strong growth in fee-paying subscriber base

Huanxi Media

19/02/2021 03:22

** Shares of China's entertainment and advertising services
provider Huanxi Media Group Ltd  1003.HK  surge as much as 27.9%
to HK$2.20, their highest since July 2018
    ** Stock last up 17.4%, on course for the best day since
January 2020 and to snap two straight sessions of decline; among
the 30 biggest percentage gainers on the Hong Kong bourse 
    ** Co says it has seen rapid growth in the number of
fee-paying subscribers for its film and television contents
platform "huanxi.com" during the Spring Festival, with over
eight million fee-paying subscribers while the mobile
application app has been downloaded for 33 mln times (https://bit.ly/3px57HJ)
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 3%, and the Hang Seng Tech
Index  .HSTECH  drops 3.3%
    ** The Hang Seng China enterprises index  .HSCE  slips 1.5%,
and the benchmark index  .HSI  slides 1.6%

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