HK-listed asset manager Differ jumps on Chinese auto e-commerce platform buy

Reuters2021-08-09

** Shares of asset management services provider Differ Group Holding Co Ltd surge 9% to HK$3.26

** Fujian-based firm has agreed to buy Tianjin Free Trade Gancheng Taifeng Technology Co Ltd, an online e-commerce platform in China's automobile industry, for 53 mln yuan ($8.2 mln), as it aims to enlarge customer base by providing finance services to dealers and customers ()

** Says the e-commerce platform has also obtained value-added telecoms business operating licence, allowing it to provide finance services, automobile maintenance and insurance solutions through the network

** The Hong Kong Hang Seng sub-index tracking information technology firms rises 1.1%

** The Hang Seng China Enterprises Index climbs 0.9% and the benchmark index gains 0.8%

** The stock soared 298.7% this year as of last close

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Comments

Magdalene89
2021-08-09
Magdalene89
Good
Naomip
2021-08-09
Naomip
Yes
MrMrsBean
2021-08-09
MrMrsBean
Plz like and comment. Thanks.
- Seuna:
  Ok
Timevestor
2021-08-09
Timevestor
Please like and comment.

Leave a comment

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