HK-listed Infinity Logistics jumps most in 17 months on expansion plan

Infinity Logistics and Transport Ventures

24/06/2021 07:15

** Shares of Malaysia-based Infinity Logistics and Transport
Venture Ltd  1442.HK  soar 44.7% to HK$1.36, on course for the
best day since listing in January 2020 
    ** Stock last up 37.2%, on track to snap two straight
sessions of decline; the biggest percentage gainer on the Hong
Kong bourse
    ** Logistics services provider says to venture into a new
business segment to provide fourth-party (4PL) and lead provider
(LLP) services, helping customers handle order management, legal
compliance, warehousing and supplier management  urn:newsml:reuters.com:*:nFWN2O50XP
    ** Says to focus on four industries in oil and gas,
oleochemical, palm oil, and dangerous goods cargo in the 4PL and
LLP business segment 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.7%, and the Hong Kong composite Industry Index tracking
industrials  .HSCIIG  climbs 0.4%
    ** The benchmark Hang Seng Index  .HSI  gains 0.3%
    ** Stock had soared 132.1% this year, by last close

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))