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3899 - CIMC Enric Holdings News Story

HK$6.06 0.3  5.8%

Last Trade - 9:08am

Sector
Energy
Size
Mid Cap
Market Cap £1.08bn
Enterprise Value £941.0m
Revenue £1.37bn
Position in Universe 838th / 6094

BUZZ-HK-listed container maker CIMC Enric rises on unit's listing plan

Thu 17th December, 2020 2:36am
** Shares of tank container and storage equipment maker CIMC
Enric Holdings Ltd  3899.HK  rise as much as 8.9% to HK$4.66,
their highest since Nov. 27
    ** Stock last up 7.2%, set for its best session since Nov.
26
    ** CIMC Enric and controlling shareholder China
International Marine Containers (Group) Co Ltd  2039.HK  are
considering the feasibility of a spin-off and separate listing
of CIMC Safeway Technology Co Ltd by way of an A-shares listing
on a stock exchange in mainland China  urn:newsml:reuters.com:*:nFWN2IW0HJ
    ** CIMC Enric owns 90% of CIMC Safeway Technology, which
manufactures standard and special tank containers for
multi-modal transportation of bulk cargos and chemicals in the
forms of liquid, gas and powder
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.8%
    ** The Hang Seng China enterprises index  .HSCE  edges down
0.02%, and the benchmark index  .HSI  slips 0.1%
    ** As of last close, stock had slid 8% this year

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