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BUZZ-China's Midea rises on up to 10 bln yuan A-shares buy back plan

Reuters
Jun 17
BUZZ-China's Midea rises on up to 10 bln yuan A-shares buy back plan

** Shenzhen shares of Midea Group 000333.SZ climb 2.6% to 73.08 yuan, their highest since June 11, and on course to snap three straight sessions of decline

** The Chinese home appliances maker says it plans to buy back 5 bln-10 bln yuan ($696.29 mln-$1.39 bln) worth of company's A shares

** Hong Kong-listed stock 0300.HK adds 1.3% to HK$76.3, highest since June 11

** In China, the blue-chip CSI 300 Index .CSI300 and the Shanghai Composite Index .SSEC both slip 0.2%

** In Hong Kong, Hang Seng China Enterprises Index .HSCE slips 0.3%, Hang Seng Index .HSI eases 0.2%

** YTD, Shenzhen stock down 4%, while Hong Kong shares up 0.3%

($1 = 7.1809 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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