BUZZ-China's Weimob hits 6-month high as chairman raises stake in co
Reuters
Aug 25
BUZZ-China's Weimob hits 6-month high as chairman raises stake in co
** Weimob 2013.HK jumps 16.9% to HK$2.84, highest since February 27
** Stock set for biggest one-day pct gain since May 15
** Chinese digital commerce and media services group says its chairman and CEO, SUN Taoyong, bought 4 million shares - 0.11% of issued share capital, at avg price of HK$2.44 in open market on August 22, raising his stake in co to 6.76%
** Says SUN may further raise his shareholding at when appropriate opportunities arise
** YTD, stock down ~16%
(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.