HK's Birmingham Sports hits 5-month high, co to expand into lottery business

Zo Future

24/07/2019 04:49

** Shares of Birmingham Sports Holdings Ltd  2309.HK  surge 
 as much as 20.6% to HK$0.082, their highest since Feb 26, after
the football club operator says to expand into lottery business
    ** Hong Kong-listed owner of English football club
Birmingham City plans to buy a lottery services solutions
provider in China for 20 mln yuan ($2.9 mln) as it broadens
business scope to reduce risk of reliance on one single
operation  urn:newsml:reuters.com:*:nFWN24O0IS
    ** As of Tuesday's close, stock had fallen 14.9% this year
    ** Birmingham Sports, with current market value of HK$1.31
bln ($167.69 mln), has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 34.8 percentage points in the
past month
    ** The Hong Kong benchmark index  .HSI  gains 0.9%
    
($1 = 6.8824 Chinese yuan)
($1 = 7.8122 Hong Kong dollars)

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