HK-listed Joy Spreader jumps on plan to buy back shares

Joy Spreader

30/07/2021 04:07

** Shares of Joy Spreader Interactive Technology Ltd
 6988.HK  rise 6.8% to HK$2.98, the highest since July 22,
extending gains for the third session
    ** Beijing-based online media marketing service provider
says it will buy back shares in the open market to demonstrate
confidence in its long-term business prospects  urn:newsml:reuters.com:*:nFWN2P51UD
    ** Buyback will not exceed 10% of total issued share capital
- Joy Spreader
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  drops 3%, and the Hang Seng Tech
Index  .HSTECH  slips 2.5%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.7%,
and the benchmark index  .HSI  drops 1.1%
    ** Joy Spreader stock fell 10.6% this year, as of last close

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))