ASX-listed FinTech Chain at 8-month high; flags progress in China Merchants Bank tie-up

FinTech Chain

16/04/2019 04:13

** Shares of Hong Kong-based FinTech Chain Ltd  FTC.AX 
surge as much as 51.7 pct to A$0.091, their highest since August
14
    ** Co says that several of China Merchants Bank Co Ltd's
(CMB)  600036.SS  customers have adopted its digital payment
programme on a trial basis, which it has been operating for CMB
since July 2018  urn:newsml:reuters.com:*:nASX9V51XL
    ** Stock set for its seventh straight session of gains; has
been on a gaining streak since winning a Chinese tender on April
8  urn:newsml:reuters.com:*:nL3N21Q0QL
    ** Stock posts biggest intraday pct gain since May 2018
    ** About 915,100 shares change hands, compared with 30-day
avg vol of 141,300 shares

($1 = 6.7107 Chinese yuan)

 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))