Changes in Hong Kong stocks | Dexiang Xinyun Computing Power (00199) reversed the market and rose nearly 6%. The company officially completed the rebranding of AI infrastructure-related businesses to form an independent reportable division

The Zhitong Finance App learned that Dexiang Xinyun's computing power (00199) reversed the market and rose nearly 6%. As of press release, it rose 3.44% to HK$2.555, with a turnover of HK$3.124,500.

According to the news, Dexiang Real Estate announced on September 22 that the stock abbreviation will be changed from “Dexiang Real Estate” to “Dexiang Xinyun Computing Power”. It will take effect at 9:00 a.m. on September 25, and the stock code will remain unchanged. This name change marks the further implementation of the company's strategic transformation from traditional real estate development to an AI computing power infrastructure platform.

Notably, the company stated that according to unaudited management accounts and internal financial reporting data currently available to the Group, and after management evaluation and confirmation by the company's board of directors, the AI infrastructure-related business already has independently identifiable revenue, costs and operating performance, and its business performance is also reviewed separately by management on a regular basis to evaluate resource allocation and performance. Referring to the principles relating to the identification of operating divisions and reportable divisions contained in Hong Kong Financial Reporting Standard No. 8 “Operating Division”, the Board believes that the business has met the requirements for an independent reportable division.