HK-listed Wasion at over 2-year high on China Power agreement

Wasion Holdings

16/12/2021 06:42

** Shares of Wasion Holdings Ltd  3393.HK , a metering
infrastructure and power grids meter products maker, jump 16.5%
to HK$4.03, highest since November 2019
    ** Stock extends gains for a fourth straight session; among
the 30 biggest percentage gainers in the Hong Kong bourse
    ** Co says it has entered into cooperation framework
agreement with China Power International Development Ltd
 2380.HK  in relation to joint development of new energy and
photovoltaic agriculture, energy storage, green power
transportation and logistics services  urn:newsml:reuters.com:*:nFWN2T01N5
    ** Says the initial focus of the cooperation will be in six
provinces of Ningxia, Hunan, Gansu, Jiangxi, Shanxi and Inner
Mongolia, and extended to other parts of China and overseas
    ** Stock of China Power International slips 1%
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
0.8%, while the Hang Seng Composite Index on industrials
 .HSCIIG  rises 1%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.6%
and the benchmark index  .HSI  eases 0.3%
    ** As of last close, stock up 51.8% this year
    

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