Minth hits five-year peak on aluminium parts JV in Canada

Shares of auto parts producer Minth Group 0425.HK climb 4% to HK$41.76, their fresh high since January 2021

Stock set for a fourth session of gains

Hong Kong-listed Minth said it would set up a joint venture with AISIN Corporation 7259.T and Toyota Tsusho 8015.T for producing aluminium body frame parts in Ontario, Canada

Says the joint venture firm will aim at strengthening the supply system for aluminium body frame parts for vehicles in the North American market

YTD, Minth shares up 27.1%, benchmark Hang Seng Index .HSI up 6.5%