HK-listed Chanjet rises most in two months on tie-up with Meituan unit

Chanjet Information Technology Co

17/05/2021 06:46

** Shares of Chanjet Information Technology Co Ltd  1588.HK 
surge as much as 12.7% to HK$23, their highest since May 10, on
course to snap four consecutive days of losses
    ** Stock on track for best day since March 16 
    ** The Beijing-based co says it has entered into a strategic
cooperation agreement with a unit of Meituan  3690.HK  to
provide a comprehensive restaurant management system services to
customers, promoting digitalization of catering industry  (https://bit.ly/3yfii5M)
    ** The provider of financial and management service via
internet technology says the cooperation will have positive
impact on its sales of SaaS subscription products  
    ** Shares of China's food delivery giant Meituan rise 3.9%,
setting for the best day since April 23
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  surges 2.4%, and the Hang Seng Tech
Index  .HSTECH  rises 1.8%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.9%, and the benchmark index  .HSI  gains 0.5%
    ** As of last close, Chanjet stock up 64.8% this year 

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