HK-listed tech group Cogobuy hits near 4-mth high on investment in unit

Ingdan

30/06/2021 06:16

** Shares of technology services firm Cogobuy Group
 0400.HK  rise 11.7% to HK$2.87, their highest since March 2
    ** Stock last up 10.1%, among the 30 biggest percentage
gainer on the Hong Kong bourse
    ** Cogobuy says provincial government-backed Guangdong
Industrial Development Fund has agreed to invest about 150 mln
yuan ($23.2 mln) in its unit Shenzhen Comtech Ltd for a 4.92%
stake  urn:newsml:reuters.com:*:nFWN2OB10D
    ** The chip industry-focused company says the proceeds will
be used for its daily operation and business development
    ** Both the Hong Kong Hang Seng sub-index tracking
information technology firms  .HSCIIT  and the composite
Industry Index tracking industrials  .HSCIIG  slip 0.1%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.3%,
and the benchmark index  .HSI  edges down 0.1%
    ** As of last close, Cogobuy stock had surged 69.1% this
year


($1 = 6.4564 Chinese yuan)

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