HK-listed GCL-Poly Energy jumps most in 14 years after 7 months of suspension

GCL Technology Holdings

01/11/2021 02:22

** Shares of polysilicon and wafers manufacturer GCL-Poly
Energy Holdings Ltd  3800.HK  soar 82.8% to HK$3.62 in resumed
trade after seven months of suspension, the biggest daily
percentage gain since debut in November 2007
    ** Stock hit the highest since Feb. 16; the most actively
traded shares by turnover and the second biggest percentage
gainer on the Hong Kong bourse
    ** Co says it has fulfilled all the conditions set out in
the Resumption Guidance, including publishing all outstanding
financial results, demonstrating it is carrying out a business
with a sufficient level of operations, and it has in place
adequate internal controls to comply with the Listing Rules
 urn:newsml:reuters.com:*:nFWN2RP24K
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
1.2%, while the material index  .HSCIM  falls 2%
    ** The Hang Seng Composite Index  .HSCI  slips 1.2% and the
the benchmark index  .HSI  eases 1.1%
    ** As of last close, the stock had surged 61% this year 

 (Reporting by Donny Kwok; Editing by Rashmi Aich)
 ((donny.kwok@thomsonreuters.com))