HK-listed game publisher Mobvista rises most in 5 weeks as shareholder ups stake

Reuters2021-05-21

** Shares of game publishing and mobile advertising services provider Mobvista Inc rise as much as 8.5% to HK$7.16, on course for their best day since April 14

** Stock on track for a second consecutive session of gain, among the 30 biggest percentage gainers on the Hong Kong bourse

** Guangdong, China-based co says controlling shareholder Seamless Technology Ltd bought 1.502 mln shares in the open market on May 20 at an average price of HK$6.6990 each

** With the purchase, Seamless raised its stake to 1.13 bln shares, or 70.3% of the issued share capital ()

** The Hong Kong Hang Seng sub-index tracking information technology firms falls 1.1%, while the Hang Seng Tech Index climbs 0.6%

** The Hang Seng China enterprises index gains 0.1%, while the benchmark index slips 0.5%

** As of last close, the stock had surged 36.9% this year

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