HK's Karrie Int'l rises most in two months on plan to spin-off property business

Karrie International Holdings

20/04/2021 06:35

** Shares of metal and plastic business group Karrie
International Holdings Ltd  1050.HK  surge as much as 14.1% to
HK$1.70, their highest since Feb. 17, on course for second
consecutive session of gains
    ** Stock last up 10.7%, on track for the best day since Feb.
3; among the 30 biggest percentage gainers on the Hong Kong
bourse
    ** Company says it is considering a possible spin-off and
separate listing of its real estate business on the main board
of the Hong Kong stock exchange by way of introduction 
 urn:newsml:reuters.com:*:nFWN2MC0RP
    ** Says it has not yet received approval from the stock
exchange to proceed with the proposed spin-off while details of
the proposal have yet to be finalised
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.03%, and the Hang Seng sub-index tracking property
firms  .HSNP  gains 0.2%
    ** The Hang Seng China enterprises index  .HSCE  slips
0.02%while the benchmark index  .HSI  gains 0.1%
    ** As of previous close, the stock had surged 25.7% this
year

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