Movement Alert｜WELLCELL HOLD Rises 14.13% in Regular Trading, AI Computing Power Platform and Recent Capital Raise Fuel Momentum

Market Focus08-03

On August 3, WELLCELL HOLD rose 14.13% in regular trading, trading at 0.21 HKD/share, with turnover of approximately 85.28 million HKD. The stock's rally comes amid continued investor attention on the company's AI strategy pivot and recently secured funding.

The company formally launched its AI and computing power service platform \"Novax AI\" in late June, marking its official entry into AI infrastructure services. In July, WELLCELL HOLD completed a top-up placing of 796 million new shares at 0.24 HKD per share, raising net proceeds of approximately 188 million HKD. According to disclosures, approximately 34.58% of proceeds will fund R&D for the computing power platform, 32.99% for pre-payment of computing and model resources, 26.07% for building a proprietary computing pool, and 6.36% for general operating expenses. The platform's PaaS products including computing scheduling engines and Token Router are expected to go live in Q3.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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