Changes in Hong Kong stocks | Weisheng Holdings (03393) rose nearly 6% in the afternoon, ADO recently introduced strategic shareholders and is expected to cooperate in capital and industrial resources

The Zhitong Finance App learned that Weisheng Holdings (03393) rose nearly 6% in the afternoon, reaching another record high. As of press release, it rose 4.1% to HK$18.27, with a turnover of HK$4,026,500.

According to the news, Weisheng Holdings recently announced that Weiyuan Energy, a non-wholly-owned subsidiary of its ADO business, introduced strategic shareholder Boyu Investment. According to the capital increase agreement between the two parties, Boyu Investment will subscribe for 48.81 million new shares of Weiyuan Energy with a total amount of RMB 380 million, accounting for about 8% of the expanded share capital. Weiyuan Energy is valued at about RMB 4.75 billion.

China Investment Securities (International) released a research report stating that it is expected that Weiyuan Energy and Boyu Investment will cooperate in capital and industrial resources. Relying on Boyu's extensive layout and cross-border investment experience in data centers, technology and new energy, it is expected to effectively empower the company's business expansion and enhance market competitiveness, and help accelerate the global layout. Weisheng Holdings' ADO business is entering a period of rapid growth under strong demand from data centers and is becoming an important engine driving the Group's overall business growth.