Snack food maker Weilong rises on Nanning production investment

Weilong Delicious Global Holdings

23/04/2025 05:10

** Shares of Weilong Delicious Global Holdings 9985.HK rise 5.3% to HK$16.76, on course for biggest one-day pct gain since April 8 and snapping two straight sessions of declines

** The Chinese spicy snack food maker, with market capitalisation of HK$38.79 billion ($5 billion), said it has agreed to invest in the construction of a snack-food production base in Nanning, Guangxi Zhuang Autonomous Region

** The fixed assets investment in the production base amounts to 1 billion yuan ($137 million) and the investment will enable it to achieve broader geographical coverage - Co

** Hang Seng Composite Industry Index tracking consumer staples .HSCICS gains 0.6%, Hang Seng Index .HSI rises 2.4%

** Stock up 128.9% YTD

($1 = 7.7587 Hong Kong dollars)

($1 = 7.2985 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))