Shanghai Zhida climbs most in three weeks on tie-up with on Breton
BUZZ-Shanghai Zhida climbs most in three weeks on tie-up with on Breton ** Shares of smart home EV chargers and accessories producer Shanghai Zhida Technology Development 2650.HK climb 10.8% to HK$18.39, on track for the biggest one-day pct gain since May 13
** China-based Zhida said it entered into a letter of intent for strategic cooperation with Breton Technology 1333.HK in areas including new energy engineering equipment and intelligent charging infrastructure for three years
** Company intends to purchase not less than 500 units of electric mining trucks from Breton, while Breton intends to buy not less than 5,000 units of high-power charger or charging robot equipment from the company
** Shares of Breton slip 1.4% to HK$16.3
** YTD, Zhida down 58%, Breton down 40.2%, Hang Seng Index .HSI down 1.2%
(Reporting by Donny Kwok)
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Shanghai Zhida climbs most in three weeks on tie-up with on Breton