HK-listed Sanergy Group hits 5-week peak on plan to issue bonds

Sanergy

07/05/2024 05:23

** Shares of graphite electrodes maker Sanergy Group Ltd
 2459.HK  rise 11.7% to HK$4.58, their highest since April 3,
and on course for second session of gains
    ** Stock on track for biggest one-day pct rise since April
30
    ** Sanergy proposes placing of bonds to professional
investors, raising HK$200 mln ($25.6 mln) proceeds for general
working capital and to finance future investment 
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 1.2%,
Hang Seng Composite Index  .HSCI  slips 0.7% and Hang Seng Index
 .HSI  eases 0.9%
    ** Stock down 50.6% YTD  


($1 = 7.8216 Hong Kong dollars)

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