HK Stock Market Move | CHINA NEW HLDGS(08125) once surged by over 80% and plans to develop intelligent software and digital marketing services business.

CHINA NEW HLDGS (08125) once surged more than 80%, and as of the time of writing, it has increased by 51.92%, trading at 0.395 Hong Kong dollars, with a turnover of 1.1211 million Hong Kong dollars. On the news front, CHINA NEW HLDGS announced this morning that the company is evaluating the establishment of a wholly-owned subsidiary in Shenzhen to expand its business, responsible for developing and marketing intelligent software development and providing digital marketing services. This new business is expected to open up new sources of income for the group, further enhance the group's brand influence and market competitiveness in China. The group will allocate necessary resources to support business development and ensure that its operations comply with applicable laws and regulations. The board believes that these strategic moves can utilize the group's resources, explore new market opportunities, enhance the company's competitiveness, create sustainable value for shareholders, and align with the overall interests of the company and shareholders. The board emphasizes that further evaluation is still needed for these potential new business directions, and they may not necessarily be implemented.