Changes in Hong Kong stocks | Xuanwuyun (02392) rose more than 13%. The company previously introduced strategic investment from Han and Tang Mingyuan, which is expected to expand the company's competitive advantage

The Zhitong Finance App learned that Xuanwuyun (02392) rose more than 13%. As of press release, it had risen 6.9% to HK$1.22.

According to the news, Xuanwuyun issued an announcement in October this year. The company's shareholders Zheng Hao Global, Honghan Global, and Baoya signed a sales agreement with Han Tang Mingyuan. According to the agreement, Han Tang Mingyuan plans to purchase 20% of Xuanwuyun's total issued share capital. After the transaction is completed, Han Tang Mingyuan and Lian Jian, the actual controller of the company, will become Xuanwuyun's single largest shareholder group.

The announcement stated that for a long time, Mr. Lian Jian has always focused on enterprises that are in line with the direction of economic structural optimization and upgrading, and have good prospects, market potential and technical advantages. He highly appreciates Xuanwu Cloud's leading position in the “AI+ Enterprise Digital Service” segment. In particular, he has high hopes for the company's SaaS application and international business development in AI+ cloud communication services. In the future, Lian Jian will use capital as a link, integrate the company and related industrial chain resources, continue to consolidate and expand Xuanwu Cloud's competitive advantage, and promote the company to achieve higher quality development.