HK's Hongguang Lighting rises most in 5 weeks on deal to produce charging products

HG Semiconductor

23/07/2021 04:01

** Shares of LED lighting products and fast charging
products maker Hongguang Lighting Holdings Co Ltd  6908.HK  rise
9.1% to HK$7.76, on course for the best day since June 18 
    ** Stock hit highest since July 20, extending gains for
second consecutive session; among the top 15 biggest percentage
gainers on the Hong Kong bourse
    ** Guangdong-based co has entered into a cooperation
agreement with a Hong Kong enterprises-focused "statutory body"
for establishing a fast charging products production line in
Hong Kong  urn:newsml:reuters.com:*:nFWN2OY17U
    ** The deal also involves upgrading charging facilities for
electric vehicles, electric buses, and electric two-wheelers in
Hong Kong to achieve international standard of 400 kilowatts
direct current fast charging 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 1.1% 
    ** Both the Hang Seng China Enterprises Index  .HSCE  and
the benchmark index  .HSI  slip 1%
    ** The stock had soared 1,193% this year as of last close 

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