HK-listed IT solution provider Chinasoft rises on service deal with Huawei

Chinasoft International

12/11/2020 01:58

** Shares of Chinese information technology services
provider Chinasoft International Ltd  0354.HK  rise as much as
4.4% to HK$6.95, on track for second session of gains  
    ** Stock among the biggest percentage gainers of the Hang
Seng sub-index tracking information technology firms  .HSCIIT  
    ** Beijing-based firm says it has signed service cooperation
agreement with Huawei Terminal Co Ltd to become a solution
service provider for HUAWEI HiLink - an open platform for smart
hardware and IoT strategic platform partners  urn:newsml:reuters.com:*:nFWN2HX1MU
    ** Company says it will work with Huawei to develop and
serve the HUAWEI HiLink ecological partners, and to become a
full range ecosystem enabling service provider, while continues
to seize opportunities in the IoT industry
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  jumps 6.1%, and the Hang Seng Tech
Index  .HSTECH  surges 4.6%
    ** The Hang Seng China enterprises index  .HSCE  rises 1.2%,
and the benchmark index  .HSI  climbs 0.6%
    ** As of last close, the stock had surged 51.1% this year

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