HK Stock Market Move | HUAIBEI GD CO (02450) rose over 6% after announcing plans for business cooperation in the Henan marble mine.

HUAIBEI GD CO (02450) has risen over 6% again, with a cumulative increase of over 180% this year. As of the report, it has climbed 6.58% to HKD 8.995, with a trading volume of HKD 16.0616 million. On the news front, HUAIBEI GD CO announced in June of this year that the group is planning to engage in business cooperation for a marble mine project located in Yongcheng City, Henan Province, China. The board believes that the targeted mine, located in Tongbai County, Nanyang City, Henan Province, may create certain synergies with the group's existing business. The announcement stated that the group is in preliminary discussions with Yuxin Mining regarding potential collaboration. The targeted mine has rich resource reserves and a diversified range of products, including marble sand, blocks, powders, and construction materials. Additionally, the mine is conveniently located in terms of transportation, has a simple surrounding environment, and enjoys lower mining costs. The group expects to participate in this project through diversified cooperation models, which could bring new business growth points for the group.