HK-listed USPACE Technology jumps on aerospace project tie-up with Abu Dhabi Ports

China Strategic Technology

10/01/2024 05:16

** Shares of Chinese satellite manufacturing and launching
group USPACE Technology  1725.HK , formerly Hong Kong Aerospace
Technology, jump 8.9% to HK$2.93 on the second session of gain
    ** Stock on course for the biggest one-day pct rise since
Dec 7, if gains hold
    ** Co said it entered into a non-legally binding term sheet
with Abu Dhabi Ports Company PJSC  ADPORTS.AD  for the
development of an aerospace technology innovation and space
trade centers in Abu Dhabi in United Arab Emirates to provide
commercial aerospace services worldwide
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.2%, 
Hang Seng Composite Index  .HSCI  eases 0.3%, and Hang Seng
Index  .HSI  down 0.4%
    ** Stock down 17.4% YTD 

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