Hong Kong Stock Alert | DZUG (01635) Surges Over 22% Intraday on Unitree and Moore Threads Concept Rally

Stock News10-02

DZUG (01635) surged over 22% during afternoon trading session. As of press time, the stock was up 17.09% to HK$3.7, with a trading volume of HK$69.47 million.

On the news front, the Shanghai Stock Exchange disclosed on September 26 that Moore Threads' STAR Market IPO application has been approved by the listing committee. Moore Threads had previously received investments from multiple institutions including Shenzhen Capital Group after its establishment. DZUG previously stated on an interactive platform that the company holds a stake in Shenzhen Capital Group, and Shenzhen Capital Group and its funds hold shares in Unitree Robotics. Unitree Robotics is expected to submit its listing application documents to the securities exchange in the fourth quarter of this year.

According to public information, DZUG is an investment holding company with dual focus on public utilities and financial venture capital. The venture capital business represents a relatively important business segment and profit source for DZUG, with the company holding a 10.80% stake in Shenzhen Capital Group.

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