Goldin Financial surges on deal to sell factoring unit

Goldin Financial Holdings

04/09/2020 06:47

** Goldin Financial Holdings  0530.HK  soars as much as 93%
to HK$1.99, its highest since Dec 9, 2019
    ** Shares later trim gains to trade 46.6% higher by 0521
GMT, heading for the best session since May 2009
    ** The debt-laden co says it agreed to sell factoring unit
for HK$2.05 billion ($264.51 million)  urn:newsml:reuters.com:*:nFWN2G00ST
    ** Goldin Financial plans to use proceeds from sale for debt
repayment
    ** Shares resumed trading in the afternoon after being
suspended since Thursday morning    
    ** Hang Seng Index  .HSI  down 1.7%

($1 = 7.7501 Hong Kong dollars)

 ((Reuters Messaging: clare.jim.thomsonreuters.com@reuters.net))