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BUZZ — HK — listed Akeso drops most in nearly three months on discounted share sale

* Shares of Akeso Inc drop 10.6% to HK$93.85, their biggest intraday pct decline since July 17 * The antibody drugs producer's stock hits its lowest point since September 28 in its third consecutive session of losses * Stock is top pct loser in the Hang Seng Biotech Index, which falls 2.7% * Company plans sale of 20 million new shares, representing 2.13% of the enlarged share capital, to third-party investors in a share placement, raising HK$1.96 billion ($249.75 million) for R&D and commercialization of products, among others * The shares will be issued at HK$97.76 apiece, or a 6.9% discount to Tuesday's close of HK$105 - company * YTD, Akeso stock down 16.3%, benchmark Hang Seng Index down 5.8% ($1 = 7.8477 Hong Kong dollars) (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com)

.HSBIO.HSI9926.HK

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