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354 — Chinasoft International News Story

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Chinasoft climbs most in a week on AI computing power equipment supply deal

BUZZ-Chinasoft climbs most in a week on AI computing power equipment supply deal

** Shares of Chinasoft International 0354.HK climb 7.4% to HK$4.2, on course for the biggest one-day pct gain since June 3

** Stock on track to snap four-session losing streak

** The IT services provider says its unit signs sales agreements worth 1 bln yuan ($147.64 mln) to supply high-end AI computing power equipment and supporting resources to several independent third-party customers

** Says deals indicate that the group's high-end AI computing power segment has officially moved from the strategic planning stage into the stage of large-scale market implementation

** YTD, Hong Kong stock down 17.9%, Hang Seng TECH index .HSTECH down 14.2%



($1 = 6.7733 Chinese yuan renminbi)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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