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HUDI Huadi International Co.,. News Story

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Basic MaterialsAdventurousMicro CapValue Trap

Jumps on 20.7 mln yuan order

** Chinese steel manufacturer's shares  HUDI.O  up ~10.8% at
$6.15 before the bell
    ** Co says it was recently awarded stainless steel seamless
pipe order contracts worth 20.65 mln yuan ($3.15 mln) after
winning the bid for a mining project in Gansu province, China
 urn:newsml:reuters.com:*:nGNX888JGD
    ** HUDI will supply stainless steel seamless pipes, to be
used for transferring fluid substance and for
ventilation-related functions, to a China state-owned energy
facilities construction firm
    ** Stock has fallen ~22% since its debut in January


($1 = 6.5537 Chinese yuan renminbi)

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))

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