HK Stock Market Move | E-COMMODITIES(01733) rose more than 5%, cooperating with Bridge Mining to expect a minimum monthly guarantee of 100,000 tons of coal products.

E-COMMODITIES (01733) rose more than 5%, rising 5.43% as of the time of writing, to HK$0.97, with a turnover of HK$2.0073 million. In terms of news, E-COMMODITIES announced that it has entered into a cooperation agreement with Bridge Mining and established a strategic alliance through the cooperation agreement. According to the agreement, the two parties will cooperate on integrated coal mining, logistics, and marketing services, with an expected minimum monthly sales volume of 100,000 tons of coal products, expected to start official operations on December 1. Bridge Mining owns a large number of undeveloped coal projects in the South Gobi region of Mongolia. The announcement also stated that in the future, the two parties also intend to expand their strategic alliance, further expanding cooperation on upstream resources in Mongolia and supporting washing and selection businesses.