HK-listed Tiangong rises most in 4 months on securing European supply deal
BUZZ-HK-listed Tiangong rises most in 4 months on securing European supply deal ** Shares of Tiangong International 0826.HK rise 6.8% to HK$2.58, on track for the biggest one-day pct gain since June 16
** Stock of co, which makes die steel, high speed steel and titanium alloy, set to snap two straight sessions of losses
** Tiangong says its unit has entered into an agreement to supply 5,000 tonnes of die steel products in various specification to an existing European customer before May 2027, valuing 80 million yuan ($11.96 million)
** "By entering into the agreement, it will provide a stable source of export revenue for the die steels segment, helping to ensure the stability of demand for the group'a products in the European market" - chairman Zhu Xiaokun
** YTD, stock down 17.5%, benchmark Hang Seng Index .HSI down 5.2%
($1 = 6.6903 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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