HK's Sunevision hits over 4-month high on new data centre project

SUNeVision Holdings

08/07/2021 08:23

** Shares of Sunevision Holdings Ltd  1686.HK  rise as much
as 9.1% to HK$8.47, the highest since February 22, and on course
to snap two sessions of decline
    ** Company is a provider of data centre and information
technology (IT) facilities management services 
    ** Stock on track for the best day since August 2019; among
the 30 biggest percentage gainers on the Hong Kong bourse
    ** Sunevision says its unit has agreed to establish a
single-user data centre with a total IT power capacity of 10MW
for a major hyper-scale customer to facilitate its business
development and operation in the Greater China hub  urn:newsml:reuters.com:*:nFWN2OI11Q
    ** Says the first phase of the project is expected to be
delivered to the customer and be ready-for-service in 2022, and
will be its 8th data centre and first single-user data centre
fully pre-committed from inception
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
plunges 3.8%, and the Hang Seng sub-index tracking information
technology firms  .HSCIIT  drops 4.1%
    ** The Hang Seng Tech Index  .HSTECH  falls 3.8%, and the
benchmark index  .HSI  eases 2.8%
    ** The stock had risen 10.1% this year as of last close

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