HK-listed Huanxi Media rises on share buyback plan

Huanxi Media

03/12/2020 07:38

** Shares of entertainment and advertising agency services
provider Huanxi Media Group Ltd  1003.HK  rise as much as 7.4%
to HK$1.30, set for best day since Jan. 24
    ** Stock fell to HK$1, the lowest since January 2015, before
rebounding
    ** Media group says it intends to repurchase up to 315.47
mln shares, or 10% of its issued shares capital, in the open
market at "appropriate timing" as the current price does not
reflect the intrinsic value  urn:newsml:reuters.com:*:nFWN2II0W9
    ** The Hang Seng China enterprises index  .HSCE  slips
0.03%, while the benchmark index  .HSI  gains 0.6%
    ** Stock down 19.3% this year, as of last close 

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