BUZZ-Genscript jumps on expected gains from Legend Biotech deconsolidation

Reuters
2024-10-22

** Shares of life sciences research services group Genscript Biotech jump 13.7% to HK$13.42, on track for the biggest one-day pct rise since Sept. 27

** Stock hits highest level since Oct 9; second biggest pct gainer in healthcare index , which rises 1.1%

** Co says board has resolved to deconsolidate Legend Biotech and its units, and will reclassify Legend as an associate

** Genscript expects significant amount of gain to be recognised for year ending Dec. 2024 after deconsolidation, due to large gap between the market value of Legend's shares and carrying amount of its assets and liabilities

** Hang Seng Commerce & Industry Index adds 0.8% and Hang Seng Index gains 0.5%

** Genscript stock down 33.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10