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CWT International Unit Secures China Overseas Futures Broker Status; Shares Rise 7%

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-- CWT International's (HKG:0521) indirect non-wholly owned subsidiary, Straits Financial Services, received approval from the Shanghai Futures Exchange and Guangzhou Futures Exchange to be an overseas intermediary futures broker, according to a Tuesday Hong Kong bourse filing.

Shares of the logistics services provider were up nearly 7% in Wednesday morning trade.

The qualification allows the unit to assist international clients in trading products listed on both exchanges, the filing said.

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