Asia
CWT International Unit Secures China Overseas Futures Broker Status; Shares Rise 7%
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.
HKG:0521
