0772.HK is trading 4.1% up at $19.42 as a series of recent buybacks signal strong management confidence.
- China Literature has repurchased over 1.35 million shares in June at prices near current levels, providing support for the share price and improving investor sentiment.
- The latest leg higher likely reflects a continued reaction to the buyback activity, as no new earnings or macro-specific headlines have been tied to the move.