HK Stock Market Move | CH SUPPLY CHAIN (03708) continues to rise by over 57%, with a total increase of over 1.7 times this week. The company plans to cooperate with Shuweike Technology.

CH SUPPLY CHAIN (03708) surged by over 57%, with a cumulative increase of over 170% this week. As of the time of reporting, it has risen by 42.5% to 0.057 Hong Kong dollars, with a trading volume of 19.2054 million Hong Kong dollars. In terms of news, CH SUPPLY CHAIN announced that they have signed a memorandum of understanding with Shuwei Technology. Shuwei Technology's main business is to provide storage, security, and bandwidth solutions (including StreamBox edge systems), as well as to build compact, high-capacity data centers using authorized Kodon technology. The memorandum outlines the main intentions of the strategic cooperation, under which the company will establish a wholly-owned subsidiary in Hong Kong to fund, construct, and operate a next-generation data center utilizing Shuwei Technology's authorized or sub-licensed Kodon technology.