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China's Meituan rises on entering Brazilian market with Keeta
China's Meituan rises on entering Brazilian market with Keeta

About this update from Cgn Power Co., Ltd. Class A
** Shares of Chinese delivery giant Meituan HKEX:3690 rise 3.1% to HK$141.6, on course for their biggest one-day pct gain since May 6** Stock is the fourth most actively traded share by turnover ** Meituan announced an investment of 5 billion reais ($891.65 million) to enter the Brazilian market with its Keeta app, according to government trade and investment agency ApexBrasil** CGN Power SZSE:003816 also detailed plans to spend 3 billion reais on a wind, solar and energy storage hub, Great Wall Motor SSE:601633 is preparing to invest 6 billion reais in Brazilian car factories, Longsys SZSE:301308 announced an investment of 650 million reais to expand its capacity in Brazil ** CGN gains 0.3%, Great Wall Motor adds 0.6%, Longsys up as much as 1.8%** Hang Seng Commerce & Industry Index HSI:HSCI rises 1.5%, Hang Seng Index HSI:HSI climbs 1.4%** YTD, Meituan shares down 8.6%($1 = 5.6076 reais)
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