Shares in Sunday Communications surged another 30.64 per cent on Tuesday as the company confirmed the departure of a senior executive.
Group director for sales and marketing Wilson Chu resigned with immediate effect on Monday. Mr Chu joined the firm in 2000.
Including Mr Chu, at least seven people have left Sunday in the past two months, according to a company source. They include at least two managerial-grade staff in the information technology department made redundant last month and some sales staff last week.
Group managing director Bruce Hicks declined to reveal how many staff had left the company recently but insisted there had been no layoffs since last December.
'Some people have left Sunday over the last few days. Nothing is unusual except for the resignation of a member of the senior management,' he said.
Hong Kong's smallest mobile operator laid off 10 per cent of its staff last December.
'We needed to get our operating costs down. We needed to change the way we do business because our industry is changing,' Mr Hicks said. 'Sunday was much better positioned as a result of that. I am really glad we did that in December.'
