Beijing Geekplus jumps most in 4 weeks on immunity from FCC prohibition
BUZZ-Beijing Geekplus jumps most in 4 weeks on immunity from FCC prohibition ** Shares of Beijing Geekplus Technology 2590.HK jump 9.3% to HK$9.74, on course for their biggest one-day pct gain since July 3
** Chinese warehouse autonomous mobile robots (AMR) solutions provider's stock touches highest point since July 23
** Beijing Geekplus says Federal Communications Commission (FCC) prohibiting import and sale of foreign-produced advanced robotic devices and connected power inverters in the U.S. will not impact its business, operation or financial conditions
** Says all AMR models sold by the group in the U.S. have obtained valid FCC certifications and are not subject to the prohibitions
** Sales, product delivery, and business operations in the U.S. remain fully operational and completely unaffected - Co
** YTD, stock down 56.2%, Hang Seng TECH Index .HSTECH down 12.4%
(Reporting by Donny Kwok)
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Beijing Geekplus jumps most in 4 weeks on immunity from FCC prohibition