HK-listed Xinte Energy jumps most in 3 weeks on polysilicon supply deal

Xinte Energy

23/09/2021 06:10

** Shares of Chinese solar energy and wind power solutions
provider Xinte Energy Co Ltd  1799.HK  jump 11.5% to HK$23.30,
their biggest daily percentage gain since Sept 2 
    ** Stock on course to snap two consecutive sessions of
losses
    ** The Xinjiang-based firm says its units have entered into
an agreement for sale of 82,200 tons of polysilicon to
Shuangliang Silicon Materials (Baotou) Co Ltd from January 2022
to December 2026, worth 17.47 bln yuan ($2.7 bln) including tax
 urn:newsml:reuters.com:*:nFWN2QO13H  
    ** Says the deal will facilitate stable sales of its
polysilicon products, safeguard its daily operations, and
enhance its position in new energy industry
    ** The Hang Seng Composite Index, tracking energy stocks
 .HSCIE , rises 2.6% and the material index  .HSCIM  gains 0.3%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 0.9%
and the benchmark index  .HSI  up 0.7%
    ** As of last close, stock up 87.3% this year

    ($1 = 6.4654 Chinese yuan)

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