Stock Track | Longhui International Surges 11% on AI and Tech Partnership

Stock Track08-05

Shares of Longhui International Holdings Ltd. (HKG:1007) soared as much as 11.48% in intraday trading on Monday, following the company's announcement of a strategic partnership with Frontium Labs.

The Hong Kong-based restaurant operator entered into a memorandum of understanding (MOU) with Frontium Labs for the development of potential cooperation in areas such as artificial intelligence (AI), data collection, big data analysis, business analysis, and chipset development for the catering segment.

Through this collaboration, Longhui aims to enhance its competitiveness in relevant technology areas and explore more business opportunities. The partnership is expected to provide Longhui with access to cutting-edge technologies and expertise, enabling the company to better cater to the evolving needs of the industry and customers.

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