HK-listed IBO Technology at 16-month high on 5G project

IBO Technology Co

24/10/2019 04:12

** Shares of intelligent terminal product application and
solutions services firm, IBO Technology Co Ltd  2708.HK , surge
as much as 15.1% to HK$2.29, highest since June 15, 2018
    ** Stock fifth biggest pct gainer of all Hong Kong-listed
stocks in mid-morning trade 
    ** Company says has teamed up with China Unicom System
Integration, a unit of China United Network Communications Co
Ltd  CUCOMH.UL , to jointly build a 5G network in Shili Dong'an
community in Heyuan City, in the southern province of Guangdong
 urn:newsml:reuters.com:*:nFWN278159
    ** By Wednesday's close, the stock had risen 15.7% this year
    ** IBO Technology has outperformed the Hang Seng Commerce &
Industry index  .HSNC  by 11.7 pct points in the past month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.5%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.6%, and the benchmark index  .HSI  gains 0.5%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)