Shandong Hi-Speed New Energy jumps most in 7 months on investment talks

Shandong Hi-Speed New Energy

18/10/2023 05:41

** Shares of Shandong Hi-Speed New Energy Group Ltd
 1250.HK  jump as much as 16.2% to HK$3.23, on track for the
biggest one-day rise since March 13, if gains hold
    ** Stock is the fourth-biggest gainer in Hang Seng Composite
Index  .HSCI  
    ** Clean energy generation group says it is in negotiation
with an independent third party regarding the potential capital
increase to a subsidiary and the negotiations are still ongoing 
    ** Hang Seng Composite Index on energy stocks  .HSCIE 
climbs 0.6%, while Hang Seng Composite Index  .HSCI  slips 0.3%
and Hang Seng Index  .HSI  down 0.1%
    ** Stock down 8% YTD     

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