HK Stock Market Move |

Anjoy Foods Group (02648) rose over 3% during trading, and as of this writing, it is up 2.90%, priced at HK$62.0, with a transaction volume of HK$11.56 million. In the news, on September 9, during the 26th China International Investment and Trade Fair, Anjoy Foods Group signed a joint venture agreement with Sanlin Group, with both parties planning to establish a food production base in Indonesia. According to the agreement, Anjoy Foods Group will provide R&D technology and manufacturing standards, while Sanlin Group will bring in a distribution network and localized operational resources, targeting emerging markets including ASEAN, the Middle East, and Africa. Industry insiders believe that as a leading company in China's frozen food sector, Anjoy's decision to build factories in Southeast Asia primarily capitalizes on the robust growth potential of the frozen food market in the region. By collaborating with local advantageous enterprises, Anjoy Foods Group is expected to reduce potential risks in localized operations and accelerate the implementation of its overseas strategy.