HC INTERNATIONAL INC (2280 : HK) Sector: SER    
HC Int'l (2280.HK) records first buybacks on 72% rebound
Business information solutions and services provider HC International, Inc (2280.HK) [MKT CAP 5.9B] bought back for the first time since listing in December 2003 with one million shares purchased from September 28 to 29 at an average of $5.73 each. The trades were made on the back of the 72% rebound in the share price since January from $3.33. Despite the rebound in the share price, the counter is still down since March 2014 from $22.00. Investors should note that CEO Guo Jiang acquired 1.5 million shares from May 19 to 26 at $4.35 to $4.22 each or an average of $4.28 each [AI SCORE 2.8; 3MTH -14%(13%)/6MTH +36%(100%) 24 BUYS-2014], which increased his holdings to 192.710 million shares or 21.06% of the issued capital. He previously acquired 1.66 million shares from November 2014 to January 2015 at $8.98 to $6.31 each or an average of $8.18 each. The purchases by the CEO since November 2014 are his first on-market trades since the stock was listed in December 2003. Mr. Guo joined the Group in 1996. HC International announced its 1H results on August 16 with profit attributable to shareholders down by 29.4% to RMB 29.048 million for the 6 months to 30 June 2016. The stock was trading at $5.87 on September 30 (Asia Insider News Sept 30, 2016).
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