Minivan Maker Wuling Motors’ Shares Double in Two Days as China’s Street Stalls Revive(Yicai Global) June 4 -- Wuling Motors Holdings’ shares [HKG:0305] soared nearly 50 percent again this morning after a 55.28 percent jump yesterday. The car manufacturer produces a minivan for mobile shops and China’s outlawed street stalls are poised to stage a comeback.
The Hong Kong-headquartered firm’s shares were up 49.18 percent to HKD0.44 (5.7 US cents) at mid-morning.
A few Chinese cities will allow the return of street stalls -- long banned as being unsightly and unhygienic -- to help those make a living who have lost their source of income to Covid-19.
Editor: Ben Armour
