Changes in Hong Kong stocks | Weihuada Holdings (00622) rose more than 5% and recently introduced AI as a strategic shareholder, Teslink, quickly entered the AI industry

The Zhitong Finance App learned that Weihuada Holdings (00622) rose more than 5%. As of press release, it had risen 4.67% to HK$3.155, with a turnover of HK$45.19 million.

According to the news, recently, Weihuada Holdings issued an announcement stating that it will issue 1.18 billion new shares to Nova Scope Ventures Limited at HK$2.70 per share, with a consideration of about HK$3.186 billion, to introduce TEX United, the strategic shareholder of AI. After the transaction is completed, Nova Scope Ventures Limited will hold 14.53% of the shares of Weihuada Holdings, and Vivada will indirectly hold about 49.60% of the shares in Teslink's subsidiary Teslink Shanghai (China Operating Company for short). This transaction is listed as a major long-term investment by Weihuada Holdings and is a strategic opportunity for it to quickly enter the AI industry. The two sides will rely on their respective industrial and technological advantages to reach deep strategic collaboration and deepen the layout of the AI industry.

For Weihuada Holdings, this is a ticket to the AI circuit. Use AI to optimize AI and solve the problem of “repairing the stack” of domestic computing power. Based on the AI intelligent optimization engine and agent cluster scheduling, Teslink penetrates the closed loop of the “Intelligent Computing Center - Computing Power Rental - Token Factory” business to provide hierarchical, flexible, and replicable AI productivity solutions on a large scale.