HK-listed Central Holding hits 7-month peak as co expands into clean energy

Central New Energy Holding

09/05/2023 05:08

** Shares of construction and property development group
Central Holding Group Co Ltd  1735.HK  rise as much as 6.5% to
HK$20.30, their highest since Oct 6, 2022 
    ** Stock on course for a third consecutive session of gains,
if trend holds
    ** Co says its unit has entered into a strategic cooperation
agreement with Fengtai County People's Government and Huaihe
Energy Electricity Group  600575.SS  in the field of clean
energy in photovoltaic equipment supply and photovoltaic power
station construction 
    ** Central Holding says the strategic cooperation will allow
the co to leverage its capabilities in the new energy
photovoltaic products market, expand its business opportunities
and broaden its income sources 
    ** The Hang Seng Commerce & Industry Index  .HSNC  eases
0.9%, while the Hang Seng Composite Index, which tracks
properties and construction stocks  .HSCIPC , climbs 0.5%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  slip 0.5% each 
    ** As of last close, stock up 4.6% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))