Chinese snack food maker Weilong jumps on strong August sales

Weilong Delicious Global Holdings

15/09/2023 05:35

** Shares of Chinese spicy snack foods maker and distributor
Weilong Delicious Global Holdings Ltd  9985.HK  jump as much as
7.8% to HK$7.62, their highest since Sept. 5, and on course for
a second session of gain
    ** Stock set for biggest one-day pct rise since Aug. 29 if
gains hold
    ** Henan-based co says it sold 371,783 boxes of products
through snacks specialty retailers channel in August, an
increase of 38.1% from July 
    ** Co says it entered into cooperation with other snacks
specialty retailers to further expand young customer base and
develop offline sales network
    ** The Hang Seng Consumption Index  .HSCGSI  jumps 1.8% and
the Hang Seng Composite Industry Index tracking consumer staples
 .HSCICS  climbs 1.4%
    ** The Hang Seng Composite Index  .HSCI  gains 1.5% and the
Hang Seng Index  .HSI  rises 1.7%
    ** As of last close, the stock had dropped 32% this year

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