XtalPi Holdings Rises Near 4-Month High as Chairman Plans Share Buy

Shares of XtalPi Holdings gained 7.9% to HK$8.655, their highest level since May 29, on Thursday, on track for a third straight session of gains and ranking as the fifth-biggest percentage gainer in the Hang Seng Biotech Index. The company's chairman and co-founder, Wen Shuhao, intends to acquire shares in the open market by the end of October using his own funds, up to HK$32 million ($4.08 million), a move the board believes reflects confidence in the company's long-term development prospects.