HK-listed cable maker Trigiant jumps on deal to supply China Mobile

Trigiant

21/09/2020 03:41

** Shares of mobile communications and telecommunication
cable manufacturer Trigiant Group Ltd  1300.HK  surge as much as
26.9% to HK$0.99, highest since Aug. 7
    ** Stock last up 16.7%, heading for best day since July 2015
and seventh biggest percentage gainer among all listed companies
on the Hong Kong bourse
    ** Jiangsu-based firm says its unit has successfully bid for
centralised procurement project of China Mobile Communications
Co Ltd  CHNMC.UL  and has been awarded 30% of a tender for
providing power cable to the telecom group from 2020-2021
 urn:newsml:reuters.com:*:nFWN2GG05T
    ** Trigiant says the deal will improve its overall
profitability and positively impact H2 results and in year 2021
    ** Hang Seng China enterprises index  .HSCE  edges down
0.1%, and the benchmark index  .HSI  slides 0.5%
    ** As of last close, the stock down 48.3% this year

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