China Prosperity soars on revived China hope
HONG KONG, Nov 18 (Reuters) - Shares of China Prosperity Holdings (Hong
Kong) Ltd (NasdaqNM:CPIH - news) soared on Thursday after a Sino-U.S. WTO
deal revived hopes for the company`s Chinese Internet ventures.
The stock was up HK$0.75 or 28.6 percent at HK$3.375 in late trade after rising
more than 30 percent to HK$3.625 earlier.
``The shares were at a high last month but were severely hit after China came
out with its ban on foreign investment in Internet companies,`` said Lennon
Chan, deputy executive director at Tai Fook Securities.
Chan said a Sino-U.S. World Trade Organisation deal that stripped the ban
encouraged investors to buy back into the company. |
Thread abonnieren
