AGTECH HOLDINGS Surges Over 32% on Subsidiary's Technical Service Agreement

Stock News10:58

AGTECH HOLDINGS (08279) experienced a significant surge of over 32%. As of the time of writing, the stock was up 32.14%, trading at HK$0.37 with a turnover of HK$11.3934 million. The price movement follows recent news where AGTECH HOLDINGS announced that its subsidiary, TGX Technology Limited (TGX), has entered into a technical services agreement with Hong Kong Gold Exchange Limited. Under this agreement, TGX is obligated to provide certain technical services to the Hong Kong Gold Exchange. Specifically, TGX will design, develop, operate, and maintain a secure and stable electronic trading, clearing, and settlement platform, along with related service platforms (the core platform), for the Hong Kong Gold Exchange, its users, and other clients. TGX will also provide associated technical consulting, system support, and innovation services. The board of directors believes that, as a comprehensive fintech group, entering into this agreement allows the group to leverage its professional expertise, effectively integrate cooperative resources, promote the development of a world-leading precious metals trading platform system, and further expand the group's service scope into the precious metals sector. This move is expected to achieve a diversified business layout and enhance overall value.

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