HK-listed Kasen jumps on resumption of work at Zhejiang factory

Kasen International Holdings

17/02/2020 08:14

** Shares of furniture maker and hotel resort operator Kasen
International Holdings Ltd  0496.HK  soar as much as 46.3% to
HK$1.80, their highest since Feb. 11 
    ** Stock the biggest percentage gainer among all Hong
Kong-listed firms in late trade
    ** Co says manufacturing work at its factory in Haining in
China's eastern coastal province of Zhejiang resumed from Feb.
14, following an approval from the local government  urn:newsml:reuters.com:*:nFWN2AE0D1
    ** Firm says it is in talks with local government for a
detailed plan to resume work at its real estate and cultural
tourism segment subsidiaries at Hainan, Jiangsu and Jilin
provinces 
    ** Stock is down 66.3% so far this year, as of last close
    ** Zhejiang-based Kasen has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 64.1 percentage
points in the past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.9%, and the benchmark index  .HSI  gains 0.5%

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