HK Stock Market Move | MAO GEPING (01318) rose by more than 5% again. The company is joining hands with Luxi Ventures to jointly establish a high-end beauty field equity investment fund.

MAO GEPING (01318) rose by over 5%, at the time of writing, it has risen by 4.78%, reaching 92.15 Hong Kong dollars, with a trading volume of 62.6743 million Hong Kong dollars. On the news front, MAO GEPING announced that the company has signed a strategic cooperation framework agreement with L Catterton Asia Advisors. According to the agreement, the two parties will cooperate in global market expansion, acquisitions and strategic investments, capital structure optimization, talent introduction, and governance. Under the framework agreement, L Catterton will leverage its global investment layout and strategic partner network to assist and empower the group's brands to expand overseas high-end retail channels. Additionally, the two parties plan to jointly establish an equity investment fund focused on the global high-end beauty field, injecting new energy into the group's long-term development. Furthermore, the two parties will also cooperate in further optimizing the capital structure, talent introduction, and governance.