HK-listed asset manager Differ jumps on Chinese auto e-commerce platform buy

Differ Auto

09/08/2021 06:35

** Shares of asset management services provider Differ Group
Holding Co Ltd  6878.HK  surge 9% to HK$3.26
    ** Fujian-based firm has agreed to buy Tianjin Free Trade
Gancheng Taifeng Technology Co Ltd, an online e-commerce
platform in China's automobile industry, for 53 mln yuan ($8.2
mln), as it aims to enlarge customer base by providing finance
services to dealers and customers (https://bit.ly/3s6Dkkf)
    ** Says the e-commerce platform has also obtained
value-added telecoms business operating licence, allowing it to
provide finance services, automobile maintenance and insurance
solutions through the network 
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises 1.1%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 0.9%
and the benchmark index  .HSI  gains 0.8%
    ** The stock soared 298.7% this year as of last close 


($1 = 6.4763 Chinese yuan renminbi)

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