HK-listed Duiba jumps most in over 10 months on China Unionpay deal

Duiba

22/12/2021 03:05

** Shares of Duiba Group Ltd  1753.HK , a provider of user
management software as a service (SaaS), soar 26.4% to HK$1.53,
their biggest daily percentage gain since Feb. 16 
    ** Stock hits highest since Dec. 13; second biggest
percentage gainer on the Hong Kong bourse
    ** Zhejiang, China-based co says its unit has entered into a
procurement agreement for development of software solutions with
China Unionpay Co Ltd  urn:newsml:reuters.com:*:nFWN2T610O
    ** Says its unit will provide user management SaaS to China
Unionpay to promote and transform online traffic of target
customers through an interactive platform 
    ** The Hang Seng sub-index of information technology firms
 .HSCIIT  surges 1.9%, and the Hang Seng Tech Index  .HSTECH 
rises 1.7%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  climb 0.8% each
    ** As of last close, the stock had dropped 51.6% this year 

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