XIZHI TECH-P (01879) Surges Over 4% in Early Trading on Long-Term Strategic Partnership with Shenwan Hongyuan to Develop Financial Computing Power and Optical Computing Applications

Stock News11-13 10:10

XIZHI TECH-P (01879) rose more than 4% in early trading. As of press time, the stock was up 4.79% at HK$183.6, with a turnover of HK$32.9385 million.

On the news front, according to XIZHI TECH, on November 12, XIZHI TECH signed a long-term strategic cooperation agreement with Shenwan Hongyuan Securities. Under the strategic agreement, the two parties will focus on cooperation in financial computing infrastructure and financial optical computing applications.

It is worth noting that on November 2, XIZHI TECH-P announced that the company plans to initiate work related to an A-share issuance. The board of directors has reviewed and approved the signing of a coaching agreement with Guotai Haitong, appointing it as the coaching institution for the proposed A-share listing, and will submit a coaching filing application to the relevant regulatory authorities. The company also noted that, as of the date of the announcement, the board of directors has not approved other plans related to the proposed A-share listing.

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