HK-listed battery maker Leoch near 3-month low on India lockdown worries

Leoch International Technology

04/05/2021 04:01

** Shares of China's lead-acid batteries manufacturer Leoch
International Technology Ltd  0842.HK  fall as much as 9.8% to
HK$0.92, their lowest since Feb. 8
    ** Stock on course for its worse session since Feb. 26, 
among the 30 biggest percentage decliners on the Hong Kong
bourse
    ** Guangdong-based electric vehicle power batteries maker
says operation at its production plant in India would be hit by
potential wider lockdown amid a rapid spread of COVID-19 
    ** Says co may record an impairment loss, which may
negatively impact its results  urn:newsml:reuters.com:*:nFWN2MP050
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.3%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  gain 0.2%
    ** As of last close, stock had surged 121.7% this year

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