** Shares of CSPC Pharmaceutical Group Ltd jump 8.3% to HK$5.08, on track for the biggest one-day pct rise since Oct. 23
** Stock hits the highest since Aug. 22, and is on course for a sixth consecutive session of gains; also top pct gainer in Hang Seng Index and Hang Seng Commerce & Industry Index
, which are up 1.1% and 1.4%, respectively
** The Chinese pharmaceutical products maker says it will buy back shares on-market for up to HK$5 bln ($641.59 mln) within 24 months
** Company says the current share price is below its actual value and the share buy-back plans is aimed to demonstrate its confidence in the business prospects
** Hong Kong's healthcare index rises 1.9% and Hang Seng China Enterprises Index climbs 1.3%
** Stock down 35.4% YTD
($1 = 7.7931 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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