BUZZ-Chinese restaurant group Jiumaojiu jumps on share buyback plan

Reuters
10 Jun
BUZZ-Chinese restaurant group Jiumaojiu jumps on share buyback plan

** Jiumaojiu International Holdings 9922.HK jumps 7.5% to HK$2.72, highest since May 9

** Stock on course for biggest one-day pct rise since February 26

** Chinese cuisine restaurant operator plans to repurchase shares in the open market for up to HK$200 mln ($25.5 mln) in a deal to be financed by existing available cash reserves

** YTD, stock down 21.3%

($1 = HK$7.8475)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10