BUZZ-China's Leapmotor climbs most in 2 weeks as key shareholders raise stake

Reuters
Dec 12
BUZZ-China's Leapmotor climbs most in 2 weeks as key shareholders raise stake

** Zhejiang Leapmotor Technology 9863.HK climbs 3.1% to HK$50.65; set for biggest one-day pct gain since November 27

** Stock hits highest since December 9; set to snap four-session decline

** Chinese new energy vehicles maker says its chairperson Zhu Jiangming and shareholder Fu Liquan raised stake in co, buying 2.15 mln shares in market for more than HK$100 mln ($12.9 mln) to demonstrate confidence in co's future development

** YTD, stock up 52.8%

($1 = HK$7.7830)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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