Shares of e-Future Information Technology (EFUT - Get Report) soared more than 40% after the China-based supply chain-management software company said the Beijing Tourism Group has licensed one of its products.
The tourism group will use e-Future's ONE Visual Process Management Solution to centralize purchasing and optimize the performance of some of its business segments. Financial terms weren't disclosed.
e-Future jumped $8.88, or 47%, to $27.88 Wednesday. Volume was much heavier than normal.