GMG 1.95% $35.18 goodman group

News: GMG BUZZ-HK-listed NWS climbs most in two months on deal to boost logistics industry presence

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    ** Shares of toll roads operator and transportation services firm NWS Holdings Ltd 0659.HK rise 1.6% to HK$7.10, set for their biggest daily pct jump since March 17 if gains hold

    ** NWS has agreed to buy six logistics properties in China's Chengdu and Wuhan regions for 2.29 bln yuan ($337.28 mln) from Goodman Group (GMG) , as the Hong Kong-listed firm aims to further expand into the logistics industry in the mainland

    ** NWS, backed by New World Development-backed 0017.HK , has also agreed to set up a venture with a Goodman unit for providing operating management services to the six logistics properties

    ** Goodman shares (GMG) rise as much as 3.5% to A$20.35, their highest since May 6

    ** Hang Seng Commerce & Industry Index .HSNC falls 0.5%, while Hang Seng Composite Index on properties and construction stocks .HSCIPC climbs 0.3%

    ** Hang Seng China Enterprises Index .HSCE slips 0.4% and the benchmark Hang Seng Index .HSI eases 0.3%

    ($1 = 6.7896 yuan)

 
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