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China's EACON climbs most in nearly four weeks on share buyback plan

By Reuters News02:26 (UTC), 12 November 2026 Updated

** EACON Group 7687.HK climbs 5.3% to HK$65.3, on course for the biggest one-day pct gain since October 16

** Stock touches the highest level since October 30

** China-based mining autonomous driving solutions provider says it plans to repurchase H Shares in the open market for up to 200 million yuan ($29.98 million), a deal to be funded by internal resources but excluding net proceeds from global offering

** Company says it is in stable financial position and is able to maintain sufficient financial resources to meet the needs of its business growth while carrying out the share repurchase

** Since debut on July 8, stock down 27.2% from HK$87.92 apiece offer price

** YTD, benchmark Hang Seng Index .HSI down 6.2%

($1 = 6.6703 Chinese yuan renminbi)

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