HK Stock Market Move | CT Enterprise (03839) rose nearly 14% in the afternoon, planning to rename itself "Zhengda Bio" with all revenue from the biotechnology business.

CT ENTERPRISE (03839) rose nearly 14% in the afternoon, rising 13.08% as of the time of writing to HKD 7.35, with a trading volume of HKD 4.0529 million. In terms of news, CT ENTERPRISE announced its intention to change its name to "Zhengda Bio Holdings Limited". This name change is aimed at more accurately reflecting the company's current core business and future strategic layout, further strengthening the company's vision of becoming a world-leading biotechnology company. It is reported that all of the company's current revenue comes from its biotechnology business (animal health products and aureomycin products). It is worth noting that in January of this year, CT ENTERPRISE announced a profit forecast, expecting a shareholder profit attributable to comprehensive surplus of approximately USD 32 million in 2025, compared to USD 11.2 million in the same period in 2024. The growth in profits is mainly due to a significant increase in revenue, reflecting the successful implementation of key strategies for developing large customer sales by the company.