HK Stock Market Move | Shanghai Dazhong Public Utilities(01635) up more than 7%, company A shares hit the limit up. Deep innoVenture participated in the investment of Moer Thread and Yushu Technology.

Shanghai Dazhong Public Utilities (01635) rose over 7%, with its A shares hitting the daily limit. As of the time of writing, it has risen by 7.91% to 4.23 Hong Kong dollars, with a trading volume of 454 million Hong Kong dollars. Public information shows that Shanghai Dazhong Public Utilities' main business covers urban gas, environmental municipal, and financial venture capital sectors. The company is one of the major shareholders of Shen Venture Capital. The industry insight system's equity penetration shows that Shanghai Dazhong Public Utilities directly holds 10.8% of Shen Venture Capital's shares, ranking fourth among all Shen Venture Capital shareholders in terms of shareholding percentage. If indirect holdings are included, the total shareholding percentage reaches 13.93%. Shen Venture Capital has numerous external investment projects, including the two upcoming IPO star companies, Yushu Technology and Mose Thread. It is worth mentioning that recently, Mose Thread disclosed its intention to publicly issue shares for the first time and list on the Sci-Tech Innovation Board, with the preliminary inquiry date for the first public offering of shares set for November 19 and the subscription date set for November 24. In addition, on November 15, according to the CSRC official website, Yushu Technology has completed its IPO and listing guidance work.