e-Future Jumps on Beijing Pact

The stock surges more than 40%.
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e-Future Information Technology

(EFUT)

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.