HK's China Health jumps on buying stake in rapid test kits maker for monkeypox virus

China Health

09/09/2022 06:28

** Shares of medical equipment and consumables distributor
China Health Group Ltd  0673.HK  jump 15.7% to HK$1.40, their
highest since February 2020 and on track to snap five straight
sessions of decline
    ** Stock set for the biggest daily pct gain since Aug. 12 if
gains hold; among the 15th biggest pct gainer on the Hong Kong
bourse
    ** Co, with a market value of HK$623 mln ($79.4 mln) says
its unit has agreed to buy 20% of Trillion Silver Ltd for HK$4
mln and will provide a loan of HK$2 mln  urn:newsml:reuters.com:*:nFWN30F0DF 
    ** Trillion involves in research, development and
manufacture of healthcare products including rapid test kits for
monkeypox virus
    ** The Hang Seng Commerce & Industry Index  .HSNC  jumps 
2.8% and healthcare index  .HSCIH  surges 3.7%
    ** The Hang Seng Composite Index  .HSCI  gains 2.3% and the
benchmark Hang Seng Index  .HSI  rises 2.5%
    ** As of last close, the stock had soared 152% this year


($1 = 7.8485 Hong Kong dollars)


($1 = 7.8484 Hong Kong dollars)

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