HK Stock Market Move | CN ANCHU ENERGY (02399) rose nearly 7% and is potentially cooperating with Guo Heng to further invest in and participate in energy-related projects.

CN ANCHU ENERGY (02399) surged nearly 7%, rising 6.85% at the time of publication to 0.78 Hong Kong dollars, with a trading volume of 28.4796 million Hong Kong dollars. On the news front, CN ANCHU ENERGY announced that the company has signed a non-legally binding memorandum of understanding on strategic cooperation with Guo Heng Group Pte. Ltd. (Guo Heng). This partnership may involve Guo Heng subscribing to the company's new shares or other securities allowed under the rules of The Stock Exchange of Hong Kong Limited, with the aim of further investing and participating in the company's energy-related projects, such as the development of new energy power stations and the research and development of energy storage technology. According to information provided by Guo Heng, the Guo Heng Group is an international business enterprise with a diverse range of businesses, including investments, real estate, mining, new energy, and internet technology.