China Enersave up after raising Amanda Inds stake to 51%.

Investors welcomed its plan to buy an additional 28% stake in Amanda
Industries for US$6 million by exercising a call option, raising its stake
in the latter to 51%.

The company had bought a 23% stake in Amanda, equivalent to 2.3 million shares,
in April, with a call option for a further 28%.
China Enersave will pay US$3 million in cash and the remaining US$3 million by
issuing new shares.

"The proposed acquisition allows China Enersave to leverage on its investment
in Amanda to explore opportunities that may arise for its existing businesses,
particularly in the emerging economy of Vietnam," China Enersave.
It said the initial 23% stake in Amanda has contributed to the group's
profits since May and expects the increased stake to enable the group to further benefit from strong order books and prospects.