HK's Sunevision hits over 2-mth high on unit getting nod for land sale tender

SUNeVision Holdings

13/12/2018 04:40

** Shares of Sunevision Holdings Ltd  1686.HK  rise as much
as 9.8 pct to their highest since Oct. 10
    ** The stock, on its third session of gains, posts its
biggest intraday pct gain since Jan. 18
    ** The data centre operator said on Wednesday its unit Easy
Vision has received a letter from the Lands Department accepting
its tender to sell a land site in Tseung Kwan O in Hong Kong,
covering 27,444 square metres, for HK$5.46 bln ($699.12 mln)
 urn:newsml:reuters.com:*:nFWN1YH0FF
    ** Co says the deal proceeds will support its business
growth and will enhance its income base in the long term. It
will fund the deal by internal resources and unsecured loans
from its parent Sun Hung Kai Properties Ltd  0016.HK 
    ** Shares of developer Sun Hung Kai Properties rise 2.3 pct 
    ** Sunevision's stock down 25.9 pct so far this year as of
last close
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.8 pct
    


($1 = 7.8098 Hong Kong dollars)

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