listed Canvest hit near 5-month peak as Grandblue mulls to buy shares
** Shares of Canvest Environmental Protection Group Co Ltd 1381.HK jump 9.1% to HK$4.43, the highest since Feb. 19, and on track to snap two sessions of fall
** Stock last up 7.9%, on course for the biggest one-day pct gain since Aug. 3, if trend holds
** The waste-to-energy plants operator and hygiene services provider says Grandblue Environment 600323.SS is exploring a potential acquisition of the company's shares, which may include a potential pre-conditional offer to privatise the company
** Says the possible privatisation would involve an indicative cancellation price of HK$4.90 per company share
** Shanghai-listed Grandblue Environment 600323.SS jumps 6.5% to 22.67 yuan, highest since October 2021
** Hang Seng Commerce & Industry Index .HSNC slips 0.6% and Hang Seng Index .HSI falls 1.2%
** Canvest shares rose 18.5% YTD, Grandblue up 31% YTD
Reporting by Donny Kwok
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