Movement Alert｜Wasion Holdings Rises 5.23% in Regular Trading, Subsidiary Secures Over RMB 1.6 Billion in Overseas Orders

Market Focus05-26

On May 26, Wasion Holdings rose 5.23% in regular trading, trading at HK$24.92/share, with trading volume of HK$65.29 million. The stock was buoyed by news that the company's subsidiary secured a substantial batch of overseas contracts.

According to a same-day Hong Kong bourse filing, Wasion Holdings announced that its subsidiary Wayon Energy has accumulated new overseas business contracts totaling over RMB 1.6 billion from the beginning of the year through the announcement date. The contracts mainly cover data center critical infrastructure and related solutions, as well as overseas power distribution products including reclosers. The board stated that the rapid growth in overseas orders demonstrates the group's core competitiveness in the overseas data center market and the effectiveness of its expansion in overseas power distribution. The board further noted that these orders consolidate the group's leading position in data center infrastructure, will help enhance future revenue, and are expected to have a positive impact on operating performance.

(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.)

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