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BUZZ-IT services group Chinasoft says chairman raises stake; stock jumps

reuters.com · 09/01/2021 23:49
BUZZ-IT services group Chinasoft says chairman raises stake; stock jumps

** Shares of information technology services provider Chinasoft International Ltd CFTLF jump 4.9% to HK$13.76, the biggest daily percentage gain since Aug. 23

** Stock hits the highest since Aug. 25 and on course to snap two straight sessions of decline

** Beijing-based company says chairman and controlling shareholder Chen Yuhong on Wednesday bought 1 mln shares, or 0.03% of the issued share capital, in the open market at HK$13.09 apiece for HK$13.09 mln ($1.7 mln), raising his stake to 13.03% nFWN2Q30G4

** Says the move reflects chairman's confidence in the current and long-term development and business growth of the company

** The Hong Kong Hang Seng sub-index tracking information technology firms .HSCIIT climbs 0.3%, and the Hang Seng Tech Index .HSTECH surges 1.4%

** The Hang Seng China Enterprises Index .HSCE climbs 0.6% and the benchmark index .HSI up 0.1%

** As of last close, the stock had soared 51.7% this year



($1 = 7.7748 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))