HK Stock Market Move | TIANGONG INT'L (00826) rises over 5%; subsidiary secures 5,000-ton long-term mold steel order from a European customer, order value RMB 80 million.

TIANGONG INT'L (00826) moved higher today, rising 5.38% as of press time to HK$2.545, with turnover of HK$32.3811 million. On the news front, TIANGONG INT'L announced last night that it has entered into a procurement agreement with an existing European end customer to supply mold steel products of various specifications to the customer, with the order valued at approximately RMB 80 million, to be delivered by the end of May next year. The company stated that, according to the customer's requirements, the total supply volume is 5,000 tons, and the signing of the agreement recognizes the quality and competitiveness of its products in the European market. It will bring a stable export revenue source for the mold steel segment and help ensure stable demand for its products in the European market.