HK Stock Market Move | GUAN CHAO HLDGS (01872) rose more than 7% during trading, previously announced its intention to acquire a 5.3% stake in Haote Energy-saving.

GUAN CHAO HLDGS (01872) rose more than 7% during trading, rising 4.85% to HK$6.05 by the time of writing, with a turnover of HK$5.0862 million. On the news front, GUAN CHAO HLDGS previously announced that it plans to invest about HK$140 million to subscribe to approximately 5.3% of the equity of Guangzhou Haut Energy Conservation and Environmental Protection Technology Co., Ltd. The board confirmed that the target company is a leading supplier of energy management solutions in China, focusing on the data center sector. Currently, Haut Energy Conservation is preparing for an IPO on the Hong Kong Stock Exchange, with its prospectus expected to be submitted in November 2025. Public information shows that Haut Energy Conservation provides a full range of energy management solutions, including consulting services, solution design, equipment selection and procurement, project integration and implementation, as well as system maintenance. Its services are widely used in various data centers, including AI computing data centers, edge data centers, smart industrial parks, intelligent factories, and multi-functional commercial complexes, to meet the diverse needs of cross-domain scenarios.