HK Stock Market Move | KARRIE INT'L(01050) rose over 10% in the afternoon, the company is at the forefront of the global server chassis production market.

KARRIE INT'L (01050) rose more than 10% in the afternoon, reaching an increase of 8.78% as of press time, with the stock at 2.85 Hong Kong dollars and a trading volume of 157.508 million Hong Kong dollars. On the news front, KARRIE INT'L recently announced its plan to issue convertible bonds, with net proceeds of approximately 149.75 million Hong Kong dollars. The company plans to use the net proceeds to expand overseas production capacity through various means, including purchasing new machinery, constructing new production plants in Thailand, and engaging in mergers and acquisitions in overseas markets to meet the increasing orders in overseas markets. The company had announced at the end of September that it had been included in the qualified supplier list and recommended supplier list for server chassis and cabinet components by NVIDIA. China Securities Co., Ltd. released a research report stating that KARRIE INT'L is one of the earliest suppliers to enter the server chassis market, holding a leading position in the global server chassis production market, with clients including HP, Lenovo, IBM, Dell, ZTE, and other global well-known brands. AI has brought about a simultaneous increase in volume and price in the server chassis market. The company is actively expanding its product categories and customer base, making good progress with AI server chassis products among traditional OEMs, NVIDIA, CSP, and other customers. Additionally, the company is deepening its global presence, with the Thai factory expanding production to meet future demand. The future growth prospects for the AI server business are optimistic.