Changes in Hong Kong stocks | Zhongyuan Construction (09982) opened more than 14%, and the company plans to change its name to “Zhongyuan Technology Management Group” to transform the direction of technology management

The Zhitong Finance App learned that Zhongyuan Construction (09982) opened more than 14% higher. As of press release, it rose 14.29% to HK$0.104, with a turnover of HK$137,300.

According to the news, Zhongyuan Construction announced that the board of directors proposed changing the company name from “Zhongyuan Construction Co., Ltd.” to “Zhongyuan Technology Management Group Co., Ltd.” Zhongyuan Construction said that the group has always been mainly engaged in real estate construction services. The Board of Directors intends to transform the Group's business and develop in the direction of technology and technology management. The board of directors believes that the proposed change in the company name will better reflect the proposed development direction and future corporate image of the group, and conform to the overall interests of the company and shareholders.

Notably, Zhongyuan Construction plans to spend HK$100 million to acquire 25% of Lianheng Technology's shares. Through its subsidiaries, the company is mainly engaged in software and information technology services, technology promotion services, cultural and artistic activities, and operation and maintenance services. It is mainly engaged in providing marketing and technical services supported by AI and big data technology. In addition, Liu Debin was recently appointed as the company's non-executive director and chairman of the board of directors. Liu Debin has extensive experience in big data, artificial intelligence and corporate management, and is a senior engineer.