HK-listed GCL-Poly hits 1-1/2-year high on solar power plants sale plan

Dynasty Digital Holdings

23/11/2020 04:26

** Shares of polysilicon and wafers products maker GCL-Poly
Energy Holdings Ltd  3800.HK  surge as much as 17.6% to HK$0.60,
their highest since April 2019
    ** Stock last up 13.7%, set for its best day since Nov. 18
and a fourth straight session of gain
    ** Co and its 62.3%-owned GCL New Energy  0451.HK  plan to
sell seven operational solar power plants to Xuzhou State
Investment & Environmental Protection Energy Co for 987.1 mln
yuan ($150.4 mln) (https://bit.ly/3lXaSxl)
    ** Proceeds will be used for debt repayment
    ** Shares of GCL New Energy rise as much as 9.6% to
HK$0.148, their highest since Oct. 12
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.8%, while the benchmark index  .HSI  slides 0.2%
    ** As of last close, GCL-Poly stock had surged 72.9% this
year

    ($1 = 6.5626 yuan)

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