HK Stock Market Move | DALIPAL HLDG(01921) has risen by more than 6%. Its subsidiary has successfully been included in the Saudi Aramco electronic market supplier database.

DALIPAL HLDG (01921) rose by over 6%, reaching 5.75% as of the time of publication, at 8.65 Hong Kong dollars, with a turnover of 24.5096 million Hong Kong dollars. On the news front, DALIPAL HLDG recently announced that its subsidiary DALIPAL Petroleum Special Pipes Co., Ltd. has passed the technical, quality, and management system audit of Saudi Arabian Oil Company (Saudi Aramco), as well as on-site factory inspection, product verification, and other procedures, and has been approved for inclusion in the company's electronic market supplier database. The company stated that being included in the Saudi Aramco electronic market supplier database is a key milestone in the Group's Middle East development strategy, laying a solid foundation for the construction of the Group's projects in Saudi Arabia and the expansion into the Middle East and international markets. It is reported that in March of this year, DALIPAL announced that the board of directors had approved the planning for the future strategic development in the Middle East, including establishing a regional headquarters, research and development center, smart factory, and data control center, to further improve the company's long-term strategic plans in the Middle East and to serve top customers in the world energy sector and explore important directions in the Middle East, Africa, Europe, and the United States. CMBC CAPITAL research report predicts that in the long term, the Middle East region can contribute over half of DALIPAL's profits.