HK-listed Xinte Energy hits 5-week high on LONGi Green supply deal

Xinte Energy

15/12/2020 02:27

** Hong Kong-listed solar energy and wind power solutions
provider Xinte Energy Co Ltd  1799.HK  soars as much as 30.1% to
HK$7.57, its highest since Nov. 10
    ** Stock last up 20.3%, set for its best session since Oct.
21; second-biggest pct gainer among all listed companies on the
Hong Kong bourse 
    ** Xinjiang-based co enters into an agreement with LONGi
Green Energy Technology Co Ltd  601012.SS  to sell no less than
270,000 tonnes of raw polysilicon materials from January 2021 to
December 2025  urn:newsml:reuters.com:*:nFWN2IS04C
    ** Total transaction amount under the sales agreement is
estimated at 19.235 bln yuan ($2.94 bln) 
    ** Co says the agreement will facilitate stable sales of
polysilicon products, safeguard its daily operations and enhance
its position in the new energy industry 
    ** Shares of LONGi Green Energy decline 1.7%
    ** The Hang Seng China enterprises index  .HSCE  slips 0.8%,
and the benchmark index  .HSI  slides 0.7%
    ** As of last close, Xinte Energy shares up 14.1% this year

    ($1 = 6.5512 yuan)

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