BUZZ-Sun.King hits near 2-1/2-year peak on San'an tie-up in semiconductor business

Reuters09-12

** Shares of electronic power components maker Sun.King Technology Group 0580.HK climb 4.3% to HK$1.96, their highest level since April 2023, and on course for the second session of gain

** Stock set for the biggest one-day pct rise since September 8

** Company says its power semiconductor devices making unit has entered into cooperation agreement with San'an Optoelectronics' 600703.SS unit Hunan San'an Semiconductor to jointly explore business opportunities in semiconductor and power device businesses

** Shares of San'an Optoelectronics slip 1% to 15.04 yuan

** YTD, Sun.King shares up 34.7%, San'an up 23.8%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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