BUZZ-Hong Kong-listed Shoucheng jumps on plan to invest in China's robot firm

Reuters02-21

** Shares of Shoucheng Holdings 0697.HK, which manages private funds and operates car parking asset, jump 15.3% to HK$1.73, their highest since September 2023, and on course for a second session of gain

** Stock on track for the biggest one-day rise since March 2019, if gains hold

** Co says it intends to invest in the establishment of Beijing Shoucheng Robot Technology Industry Co in Beijing, which will focus on promoting the application and implementation of robot companies and products across multiple fields

** Says the initiative will also accelerate the digital and intelligent operation of its parking and park businesses

** Hang Seng Tech Index .HSTECH jumps 5%, Hang Seng Index .HSI rises 3%

** Stock up 58.3% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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