HK Stock Market Move | RELIANCE GLO HL (00723) rose more than 15% and plans to invest 60 million Hong Kong dollars to participate in the establishment of a joint venture company for the development and operation of forestry Siasun Robot & Automation related business.

RELIANCE GLO HL (00723) rose more than 15%, closing at a 16.00% increase to 0.29 Hong Kong dollars, with a trading volume of 5.5504 million Hong Kong dollars. In terms of news, RELIANCE GLO HL announced that on September 16, 2025, its wholly-owned subsidiary Reliance Global Capital, together with AZIO, Hong Kong Innovation and Mega Link, entered into a joint venture agreement to establish a joint venture company to develop and operate forestry Siasun Robot & Automation related business. According to the terms of the joint venture agreement, the total capital commitment of the joint venture company is 150 million Hong Kong dollars, with RELIANCE GLO HL contributing 60 million Hong Kong dollars, holding a 40% stake in the joint venture company at the time of establishment. With technological advancements, Siasun Robot & Automation plays an increasingly important role in the forestry industry. The Board believes that the establishment of the joint venture company will enable the group to seize opportunities in the emerging forestry Siasun Robot & Automation sector and enhance the group's timber supply chain business.