BUZZ-Guangzhou Tinci climbs as key shareholder pledges not to trim stake

Reuters12-08

BUZZ-<a href="https://laohu8.com/S/002709">Guangzhou Tinci</a> climbs as key shareholder pledges not to trim stake

** Shares of Guangzhou Tinci Materials Technology 002709.SZ climb 3.7% to 40 yuan, set for the biggest one-day pct gain since Nov 25

** China-based lithium-ion battery materials producer says its controlling shareholder Xu Jinfu has pledged not to reduce his holdings in the company in the next six months to reflect his confidence in the future development and long-term investment value of the firm

** YTD, stock up 102.7%, benchmark CSI 300 Index .CSI300 up 17.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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