HK Stock Market Move | TOUYUN BIOTECH (01332) rose more than 80% in trading; Shanxi Touyun recently signed a 1 billion yuan order for Rhein Spirulina products.

TOUYUN BIOTECH (01332) had been falling continuously in the past few days, but today it rose more than 80% in intraday trading. As of press time, it had risen by 54.47%, closing at HK$0.38 with a trading volume of HK$1205.68 million. On the news front, TOUYUN BIOTECH recently announced that its wholly owned subsidiary, Shanxi Touyun, had signed strategic cooperation agreements with Shenzhen Building Inter-Supply Chain Technology, Henan National Head Marketing Management, and Beijing Hewanjia Biotechnology on October 23. During the period from 2026 to 2028, the sales consortium will purchase not less than RMB 1 billion worth of Spirulina and related products from Shanxi Touyun. It is reported that in November 2024, TOUYUN BIOTECH's Spirulina obtained a new usage permit from the National Health Commission. The group's production of Spirulina has expanded into new application areas and markets, including artificial fish, shrimp, and plant-based milk.