HK-listed Tianneng Power hits 3-1/2-month high on unit's spin-off plans

Tianneng Power International

16/12/2020 03:30

** Shares of electric car battery maker Tianneng Power
International Ltd  0819.HK  surge as much as 18.6% to HK$17.12,
their highest since Sept 1, on track to snap two consecutive
sessions of losses
    ** Stock set for best session since June 26; among the 30
top percentage gainers on the Hong Kong bourse
    ** Zhejiang-based lithium battery maker says Chinese
regulator CSRC has approved the registration of its proposed
A-share listing of its spin-off of batteries business on the 
Shanghai Stock Exchange  urn:newsml:reuters.com:*:nFWN2IV0S7
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
climbs 1.3%
    ** The Hang Seng China enterprises index  .HSCE  and the
benchmark index  .HSI  both rise 1.1%
    ** As of last close, stock up 143.5% this year

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