HK Stock Market Move | KARRIE INT'L (01050) soared over 10% during trading, the company issued bonds to raise funds to expand overseas production capacity, and it previously entered NVIDIA's supplier list.

KARRIE INT'L (01050) surged more than 10% during trading hours, and as of the time of writing, it has risen by 5.24%, to HK$2.61, with a trading volume of HK$107.49 million. On the news front, KARRIE INT'L announced its plans to issue convertible bonds, with a net proceeds of approximately HK$149.75 million. The company intends to use the net proceeds through various means to expand its overseas production capacity, including but not limited to purchasing new machinery, constructing a new production facility in Thailand, and conducting mergers and acquisitions in overseas markets to meet the growing orders from the overseas market. It is worth noting that KARRIE INT'L announced at the end of September that it has been included in the qualified supplier list and recommended supplier list for server chassis and cabinet components by NVIDIA. The group is also committed to delivering more prototype products to NVIDIA in the coming months to support its artificial intelligence server platform and data center deployment. Assistant Chairman of KARRIE INT'L, He Weihan, mentioned in July of this year that if they successfully enter NVIDIA's supplier list, more artificial intelligence or big data center companies could become potential clients for the company.