HK-listed MECOM jumps after securing EV charging project in Macau

MECOM Power and Construction

22/09/2023 08:30

** Shares of MECOM Power and Construction  1183.HK  jump as
much as 14.3% to HK$0.48, set to snap two sessions of decline
    ** Stock marks biggest one-day pct rise since June 2021, if
gains hold
    ** Civil engineering and high voltage power substation
construction group says its unit has secured a 5-yr EV charging
project, covering 441 parking spaces, in a commercial property
in Macau 
    ** Adds it has secured contracts for provision of EV
charging systems in residential property projects, commercial
buildings and entertainment complexes, covering 11,000 parking
spaces in Guangdong Province and Macau
    ** Hang Seng Commerce & Industry Index  .HSNC  jumps 2.1%,
Hang Seng Composite Index  .HSCI  adds 1.5% and Hang Seng Index
 .HSI  rises 1.7%
    ** Stock down 64.6% YTD 

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