BUZZ-Minth hits five-year peak on aluminium parts JV in Canada
Reuters
Feb 11
BUZZ-Minth hits five-year peak on aluminium parts JV in Canada
** Shares of auto parts producer Minth Group 0425.HK climb 4% to HK$41.76, their fresh high since January 2021
** Stock set for a fourth session of gains
** Hong Kong-listed Minth said it would set up a joint venture with AISIN Corporation 7259.T and Toyota Tsusho8015.T for producing aluminium body frame parts in Ontario, Canada
** Says the joint venture firm will aim at strengthening the supply system for aluminium body frame parts for vehicles in the North American market
** YTD, Minth shares up 27.1%, benchmark Hang Seng Index .HSI up 6.5%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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