HK Stock Market Move | Shanghai Dazhong Public Utilities (01635) rose more than 7% this morning, Moore Threads will be listed tomorrow, and its subsidiary, Shenchuang Investment, will participate in the investment in Moore Threads.

Shanghai Dazhong Public Utilities (01635) surged more than 7% in the morning, as of the time of writing, it is up 7.25% to 4.29 Hong Kong dollars, with a turnover of 278 million Hong Kong dollars. In terms of news, Moer Thread announced that the company's stock will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on December 5, 2025 (Friday). Public information shows that the company is one of the major shareholders of Deep Venture Capital. Shanghai Dazhong Public Utilities directly holds 10.8% of Deep Venture Capital's shares, ranking fourth among all Deep Venture Capital shareholders in terms of shareholding ratio. Including indirect holdings, the total shareholding ratio reaches 13.93%. Deep Venture Capital has invested in many external projects, including two star companies, Yushu Technology and Moer Thread.