HK-listed chain stores operator Best Mart at 6-month high on China expansion plans

Best Mart 360 Holdings

30/12/2019 03:26

** Shares of leisure food chain retail stores Best Mart 360
Holdings Ltd  2360.HK  rise as much as 10.2% to HK$2.70, their
highest since June 27
    ** Co, which got listed on Jan. 11, said on Friday after
market hours that it has set up Shenzhen Best Mart 360 Commerce
Ltd to expand its retail business in China  urn:newsml:reuters.com:*:nFWN290087
    ** The first store in China from the new entity, which will
be principally engaged in retail business of pre-packaged food,
alcohol and beverages, among others, is expected to open in the
coming fiscal year
    ** The company's stores had been a target of vandalism in
Hong Kong's protest earlier this year
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 0.4%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.3%, and the benchmark index  .HSI  gains 0.4%

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))