HK Stock Market Move | ENVISION GREEN (01783) rose nearly 5% in trading, considering acquiring YV CLOUD Limited and all the shares of Shanghai Youfu Cloud for up to HK$2.5 billion.

ENVISION GREEN (01783) rose nearly 5% during trading hours, and at the time of writing, it was up 4.63% to HK$6.33, with a trading volume of HK$39.7809 million. On the news front, ENVISION GREEN announced that on June 29, 2026 (after trading hours), the company entered into an agreement with the seller Yovole Cayman regarding the acquisition. The company plans to acquire the target equity from the seller (including the target company YV CLOUD Limited and the operating company Shanghai Youfu Cloud Computing Limited) at a base price of HK$2.2 billion, to be paid in a combination of cash and approximately 33.05785 million consideration shares (calculated at an issue price of HK$6.050 per share) subject to price adjustment mechanisms, with a maximum price not exceeding HK$2.5 billion. After the completion of the acquisition, the target company will become a wholly-owned subsidiary of the company. It is reported that the target group is mainly engaged in providing cloud computing services, currently holding the necessary licenses for such services. The operating company has established a wide network and contacts in the internet data center and cloud computing field and is qualified to purchase high-performance GPUs required for its cloud computing services. The board believes that the acquisition is an important and timely strategic move for the group, as it will help the group expand from green energy and circular economy infrastructure to computational infrastructure, cloud computing, and artificial intelligence computational services.