HK Stock Market Move | SHENGHUI CLEAN(02521) rose more than 4%, intending to acquire 70% equity of Huali Digital in Guangdong for 15.75 million yuan and enter the development of AI systems.

SHENGHUI CLEAN (02521) rose more than 4%, rising by 4.5% to HK$1.16 as of the time of writing, with a turnover of HK$1.5212 million. In terms of news, SHENGHUI CLEAN announced this morning that on May 18, Wally Digital Zhengzhou and the buyer (Guangzhou Tianyou Shenghui Digital Technology Co., Ltd., a wholly-owned subsidiary of the company) entered into a share transfer agreement. According to this agreement, the buyer agreed to purchase 70% of the equity of Wally Digital Guangdong (i.e., the equity to be sold) from Wally Digital Zhengzhou for RMB 15.75 million. The directors believe that if the acquisition is successfully completed, it will bring a good opportunity for the group to enter the artificial intelligence system development and related service market, and further enhance the capabilities of Wally Digital Guangdong in artificial intelligence-driven services, thus expanding the group's sources of revenue and diversifying the portfolio of artificial intelligence-driven services of Wally Digital Guangdong.