TD Holdings jumps on deal with Chinese economic zone

BAIYU Holdings

23/07/2021 14:20

** Shares of commodities trading service provider  GLG.O  up
18.7% premarket at $1.06
    ** Co enters into a trade cooperation agreement with the
management committee of the Yangpu Economic Development Zone,
Hainan's (China) largest economic zone, to expand the company's
commodity trading business  urn:newsml:reuters.com:*:nPn32zNN5a
    ** Agreement shall be in effect until Dec. 31, 2022
    ** The economic zone agrees to grant preferential policies
including tax relief, financial support and rental subsidies -
Co
    ** Up to Thursday's close, stock had lost 43.8% YTD

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))