HK-listed Yestar Healthcare soars on green light to produce disinfectant

Yestar Healthcare Holdings

11/02/2020 05:01

** Shares of Chinese x-ray films maker Yestar Healthcare
Holdings Co Ltd  2393.HK  rise as much as 26.8% to HK$1.80, the
highest since Jan. 31
    ** Stock ranks the 8th biggest percentage gainer in
afternoon trade
    ** The stock later trims gain to HK$1.65, still up 16.2%,
heading for biggest intraday pct gain since April 2015
    ** Company says China's Guangxi Zhuang Autonomous Region
government has approved its production of its own brand of
cleaning and disinfecting product for use in hospitals, shopping
malls, schools and household  urn:newsml:reuters.com:*:nFWN2AA1JI
    ** Company says first batch of 5 tonnes of the product will
start to deliver to hospitals on Feb. 11, and it will develop
more disinfectant products to serve medical institutions  
    ** As of the previous close, the stock had slid 4.7% so far
this year
    ** Shanghai-based Yestar Healthcare has underperformed the
Hang Seng Commerce & Industry Index sector  .HSNC  by 3.5
percentage points in the past one month
    ** The Hang Seng China enterprises index  .HSCE  rises 1.6%,
and the benchmark index  .HSI  gains 1.3%

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