Asia
AP Rentals Buys Construction Equipment for HK$18.7 Million; Shares Rise 4%
AP Rentals (HKG:1496) has signed an agreement to buy construction equipment for HK$18.7 million, which it will lease out in Hong Kong to meet demand, the company said in a Tuesday filing with the bourse.The equipment rental company said it will receive 18 new assets from Xuzhou Construction Machinery Group Import and Export by year-end. AP previously purchased assets from the same seller, including lifting, high-reach and material handling equipment.The company's shares were up nearly 4% in Wednesday late-morning trading.
HKG:1496
