On August 10, WELLCELL HOLD rose 8.21% in regular trading, trading at HK$0.223/share, with turnover of approximately HK$48.97 million.
On the news front, the company's AI computing power platform NovaxAI recently signed a strategic cooperation memorandum with Alibaba Cloud International, officially entering the global enterprise-level AI computing infrastructure collaboration space. The news continues to ferment as a key catalyst. Additionally, market reports indicate the company may convene a special shareholders meeting after its interim results to advance a renaming initiative.
Multiple catalysts are converging: the company previously completed a placement of approximately 796 million new shares at HK$0.24 per share via a top-up mechanism, raising net proceeds of approximately HK$188 million. The funds were earmarked specifically for AI computing power buildout, with approximately 34.58% allocated to R&D for the computing services platform, 32.99% for prepayment of computing and model resources, and 26.07% for self-built computing pools. NovaxAI was formally launched in late June, with its PaaS products and Token Router scheduled for completion 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.)
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