Hong Kong electricity shares gain after govt advisory body approves tariff hike

HK Electric Investments

04/07/2018 02:59

** CLP Holdings  0002.HK  shares rise as much as 6 pct to
HK$89.4, a record high
    ** HK Electric Investments  2638.HK  shares jump as much as
5.6 pct to HK$7.92, their highest since July 2016 
    ** Hong Kong Executive Council approved two power suppliers'
5-yr development strategies on Tue to increase electricity
tariffs
    ** CLP will raise rate by 2 pct from Oct and raise by
another 1 pct in 2019 
    ** HK Electric will raise rate by 6.8 per cent from Jan
    

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