HK Stock Market Move | XIZHI TECH-P (01879) rose more than 4% in early trading; it signed a long-term strategic cooperation with Shenwan Hongyuan Group to deploy financial computing power and optical computing applications.

XIZHI TECH-P (01879) rose more than 4% in early trading. As of press time, it was up 4.79% at HK$183.6, with a turnover of HK$32.9385 million. On the news front, according to XIZHI TECH, on November 12, XIZHI TECH signed a long-term strategic cooperation agreement with Shenwan Hongyuan Group Securities. Under the strategic agreement, the two parties will focus on cooperation in financial computing infrastructure and financial optical computing applications. It is worth noting that on November 2, XIZHI TECH-P announced that the company plans to initiate work related to an A-share offering. The board of directors has reviewed and approved the signing of a tutoring agreement with Guotai Haitong, appointing it as the tutoring institution for the proposed A-share listing, and will submit a tutoring filing application to the relevant regulatory authorities. The company also noted that, as of the date of the announcement, the board of directors has not approved other plans related to the proposed A-share listing.