China Commercial Credit: Stock doubles on "BatCar" plans, Q2 profit

BAIYU Holdings

20/08/2018 14:02

** Shares of China Commercial Credit  GLG.O  jump 116.9 pct
premarket on Monday after Q2 report late on Friday
    ** Co late on Friday reported Q2 net profit vs. a yr-ago
loss and said it plans to buy 30 more pre-owned cars by end 2018
to add to its fleet of six  urn:newsml:reuters.com:*:nGNX3Cdy7N
    ** Over H1, Co has transformed from a financial services
provider to a used luxury car rental service provider under the
"BatCar" brand
    ** Stock has sunk ~57 pct YTD amidst the transformation 

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))