HK Stock Market Move | YEEBO (INT'L H)(00259) rose more than 10% in intraday trading, and Muxi Holdings will start applying for the Science and Technology Innovation Board on December 5th.

YEEBO (INT'L H)(00259) rose more than 10% during the trading session, and at the time of writing, it was up 8.33% to 4.03 Hong Kong dollars, with a turnover of 52.262 million Hong Kong dollars. On the news front, Muxi Company announced the initial public offering of shares and the listing on the Science and Technology Innovation Board, planning to issue 40.10 million shares and raise 3.904 billion yuan. The preliminary inquiry date is December 2, 2025 and the subscription date is December 5, 2025. According to public information, Alvan Information is a wholly-owned subsidiary of Yeebo International and is a core customer and shareholder of the domestic AI chip star Muxi. In addition, YEEBO (INT'L H) recently announced its mid-year performance at the end of September, with revenue of approximately 554 million Hong Kong dollars, a year-on-year increase of 5.13%; the attributable profit of the company's owner is approximately 1.218 billion Hong Kong dollars, a year-on-year increase of about 11.55 times. The increase in profit is mainly due to the increase in fair value gains on financial assets recognized in profit or loss.