HK-listed electricity firm VPower hits over 2-year high on Myanmar power deal

Vpower International Holdings

16/06/2020 08:48

** Shares of electricity generation units installer VPower
Group International Holdings Ltd  1608.HK  rise as much as 8% to
HK$4.30, their highest since April 2018
    ** Stock later trims gain to HK$4.28, still up 7.5%, heading
for biggest intraday pct gain since May 29
    ** Co says its joint venture has entered into power purchase
agreement with Ministry of Electricity and Energy of Myanmar for
power supply in Thaketa for initial term of 60 months
 urn:newsml:reuters.com:*:nFWN2DS0HP 
    ** Co says joint venture expected to enter into two other
power purchase agreements in Thanlyin and Kyuak Phyu in Myanmar,
later in June
    ** As of last close, stock had risen 57.9% so far this year
    ** VPower has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 22.7 percentage points in the past one
month
    ** Hong Kong benchmark index  .HSI  rises 2.6%

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