BUZZ-HK-listed Weimob eyes best day in 6 months on share buyback hope

Reuters2021-07-22

** Shares of cloud-based commerce and marketing solutions provider Weimob Inc surge 15.3% to HK$11.32, set for their best day since Jan. 20

** Stock up after seven straight sessions of decline; second-biggest percentage gainer in the Hang Seng Tech Index

and third-biggest in the Hang Seng Composite Index

** Shanghai-based co says it will monitor market conditions and consider an appropriate opportunity to repurchase shares in the open market ()

** Says its operations remain normal and co has full confidence in its future development prospects

** The Hang Seng Tech Index surges 1.8%, and the Hang Seng Composite Index rises 1.5%

** The Hang Seng China Enterprises Index gains 1.5% and the benchmark index climbs 1.7%

** As of last close, stock had fallen 29.6% this year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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