HK Stock Market Move | CENTRALCHINA MT (09982) opens over 14% higher; company plans to rename itself "Zhongyuan Technology Management Group" and shift toward technology management.

CENTRALCHINA MT (09982) opened over 14% higher. As of press time, it rose 14.29% to HK$0.104, with a turnover of HK$137,300. On the news front, CENTRALCHINA MT announced that the board has proposed changing the company name from "CENTRALCHINA MT Limited" to "Zhongyuan Technology Management Group Limited." CENTRALCHINA MT stated that the group has primarily been engaged in real estate agency construction services. The board intends to transform the group's business and develop toward technology and technology management. The board believes that the proposed change of company name will better reflect the group's intended development direction and future corporate image, and is in the overall interest of the company and its shareholders. It is worth noting that CENTRALCHINA MT plans to spend HK$100 million to acquire a 25% stake in Lianheng Technology. Through its subsidiaries, the company is primarily engaged in software and information technology services, technology promotion services, cultural and artistic activities, and operation and maintenance services, and mainly provides marketing and technical services supported by AI and big data technologies. In addition, Liu Debin was recently appointed as a non-executive director of the company and chairman of the board. Liu Debin has extensive experience in big data, artificial intelligence, and corporate management, and is a professor-level senior engineer.