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Share buy-backs by companies rise for a second week, with Fairwood Holdings and Tianda Pharmaceuticals among firms repurchasing stock
Hong Kong restaurant operators Tsui Wah Holdings and Fairwood Holdings posted improved interim results for the six months ended September 30, citing lower costs and a better business environment as reasons for growth. (1-0)
Buying among directors surged after two weeks of flat trading while selling fell, based on filings on the Hong Kong stock exchange from December 5 to 9. A total of 41 companies recorded 268 purchases worth HK$443 million, compared with 13 firms with 49 disposals worth HK$56 million.