** Shares of Chinese beauty and health product maker Giant Biogene Holding 2367.HK rebounds 5.2% to HK$62.05, on course for the biggest one-day gain since May 13
** Stock hit HKR56.2 in morning session, lowest since February 4, before rebounding
** Company said in a statement during lunch break that its controlling shareholder Juzi Holding intends to raise its shareholding in the company within three to six months for at least HK$200 mln ($25.5 mln)
** Says the move is to demonstrate Juzi's confidence in business development and growth potential of the company
** Hong Kong's healthcare index .HSCIH surges 3.8%%, Hang Seng Index .HSI rises 1.1%
** YTD, stock up 23.2%
($1 = 7.8480 Hong Kong dollars)
(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.