Euro Tech Holdings: Soars on deal to sell stake in a Chinese firm

Euro Tech Holdings

28/03/2018 14:56

** Euro Tech shares  CLWT.O  rise 21 pct to over 1 year high
of $47.17 in early trading
    ** Stock of the water treatment equipment distributor is the
top pct gainer and on pace for its best day in over 1-1/2 years
    ** Euro Tech enters deal to sell its 20 pct equity stake in
China-based Zhejiang Jiahuan Electronics (Jia Huan) for 31.3 mln
yuan (~$5 mln)  urn:newsml:reuters.com:*:nPn26bkkpa
    ** CLWT to sell its stake to wife of Jia Huan's majority
stake holder, who owns 80 pct of stock
    ** Today's gains erases CLWT's YTD losses of 21.5 pct as of
Wednesday's close; CLWT now up ~7 pct YTD

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((RM:Amy.CarenDaniel.thomsonreuters.com@reuters.net))