UPDATE 1-Earnings suprise boosts shares of China's Denway

Newswire

(Updates share price, adds details) HONG KONG, March 30 (Reuters) - Shares in Denway Motors Ltd , the Chinese joint venture partner of Japan's Honda Motor Co , jumped 14 percent on Tuesday after the firm posted a forecast-beating 78 percent jump in second-half net profit. An unexpected special dividend payout of HK$0.08 and a proposed one-for-one bonus share issue also enticed investors. "The results were stronger than I expected and the payout certainly helped," said Alex Wong, a ...

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