HK-listed Trigiant jumps as unit bags 30% of China Tower procurement project

China Tower

01/06/2020 05:14

** Shares of mobile communications cable maker Trigiant
Group Ltd  1300.HK  jump as much as 15.6% to HK$1.26, their
highest since May 22 
    ** Stock posts its biggest intraday pct gain since July
2015, last up 14.7% at HK$1.25 
    ** Stock seventh biggest percentage gainer on the Hong Kong
bourse 
    ** Co says unit awarded 30% of China Tower's  0788.HK  "5G
distributed antenna system - centralised e-commerce procurement
project" for leaky cables and accessories  urn:newsml:reuters.com:*:nFWN2DD03D
    ** Jiangsu-based co says China Tower is a major client of
company
    ** As of last close, Trigiant stock down 27.8% this year
    ** Stock has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 13.4 percentage points in the
past month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises 3.2%
    ** The Hang Seng China enterprises index  .HSCE  surges 3%,
and the benchmark index  .HSI  soars 3.3%

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