HK Stock Market Move | ALCO HOLDINGS (00328) rises more than 15%, dual-track development strategy enhances strategic synergy benefits, and Deng Chaowen resigns as an independent non-executive director.

ALCO HOLDINGS (00328) surged more than 15%, rising to 15.94% as of press time, closing at 1.6 Hong Kong dollars with a trading volume of 13.88 million Hong Kong dollars. In terms of news, ALCO HOLDINGS recently acquired 11% equity of Shenzhen Aigaocreate Technology Holdings Limited (joint venture) at a transfer price of 2 million RMB. Upon completion, the company will become the largest single shareholder of the joint venture, holding 51% of the equity. The main business of the joint venture is to provide digital product leasing services to corporate clients, as well as to provide auxiliary SaaS support services for e-commerce and media development. The company believes that through the dual-track development strategy of the joint venture, the digital services of traditional business and joint venture projects will form a "hardware + software" ecosystem, achieving business diversification, and through the industry resources, technological capabilities, and policy advantages of the joint venture, bringing long-term strategic synergies and potential growth opportunities to the group. Furthermore, ALCO HOLDINGS announced that Mr. Deng Chaowen resigned as an independent non-executive director of the company, as well as a member of the Audit Committee, Remuneration Committee, and Nomination Committee, effective today, due to other business commitments.