HK-listed NWS climbs most in two months on deal to boost logistics industry presence

CTF Services

16/05/2022 03:59

** Shares of toll roads operator and transportation services
firm NWS Holdings Ltd  0659.HK  rise 1.6% to HK$7.10, set for
their biggest daily pct jump since March 17 if gains hold
    ** NWS has agreed to buy six logistics properties in China's
Chengdu and Wuhan regions for 2.29 bln yuan ($337.28 mln) from
Goodman Group  GMG.AX , as the Hong Kong-listed firm aims to
further expand into the logistics industry in the mainland
 urn:newsml:reuters.com:*:nFWN2X529K
    ** NWS, backed by New World Development-backed  0017.HK ,
has also agreed to set up a venture with a Goodman unit for
providing operating management services to the six logistics
properties
    ** Goodman shares  GMG.AX  rise as much as 3.5% to A$20.35,
their highest since May 6  
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 0.5%,
while Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  climbs 0.3%
    ** Hang Seng China Enterprises Index  .HSCE  slips 0.4% and
the benchmark Hang Seng Index  .HSI  eases 0.3%

    ($1 = 6.7896 yuan)

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