HK Stock Market Move | MINDTELL TECH(08611) surges over 124%, may acquire full equity of Henan Lixuan Network and sign an intention agreement with Geng Nan and Zhao Baoqin

MINDTELL TECH (08611) surged more than 124%, as of the time of writing, it increased by 124.72% to HKD 0.99 with a trading volume of HKD 4.1057 million. In terms of news, MINDTELL TECH announced that on January 22, 2025 (after trading hours), the company signed a letter of intent with Mr. Geng Nan and Ms. Zhao Baoqin regarding potential cooperation discussions. According to the terms of the letter of intent, the potential cooperation includes but is not limited to acquiring all the equity of Henan Lixuan Network. In addition, the board of directors recommended adopting the Chinese name "Jiufulai International Holdings Limited" as the company's alternate name. The board of directors believes that once the potential cooperation under the letter of intent is implemented, it can help the group expand and strengthen its business. As Henan Lixuan Network has rich experience in providing information technology services, the potential cooperation also enhances the group's expertise in system integration and computer-related services. Furthermore, the group can leverage Henan Lixuan Network's connections in the medical field to expand its business into providing medical-related products, while continuing to utilize the group's expertise in system integration and information technology.