HK-listed food producer Zhou Hei Ya hits over 1-yr high on franchise deal

Zhou Hei Ya International Holdings

20/11/2019 03:47

** Shares of snack food producer Zhou Hei Ya International
Holdings Co Ltd  1458.HK  soar as much as 20.9% to HK$5.66,
their highest since August 2018
    ** Hubei-based co says it has entered into a franchise
agreement in China's southern province of Guangxi to expand its
business  urn:newsml:reuters.com:*:nFWN27Z07U
    ** Says the franchise agreement will have no immediate
impact on results of operations and financial condition 
    ** Zhou Hei Ya has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 15.6 percentage points in the
past month.
    ** The Hang Seng China enterprises index  .HSCE  and the
benchmark index  .HSI  both ease 0.6%

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