Changes in Hong Kong stocks | Guangdong Harbour Holdings (01396) resumed trading and once rose more than 40%, and plans to acquire shares in an AI computing power company for HK$977 million

The Zhitong Finance App learned that Guangdong Harbour Holdings (01,396) once resumed trading, rose by more than 40%. As of press release, it had risen 28.17% to HK$4.55, with a turnover of HK$6.0399 million.

According to the news, Guangdong Harbour Holdings announced that on July 14, 2025, the company (as the buyer) entered into a sales agreement with the seller Champion Road Group Limited. According to this, the buyer conditionally agreed to buy and the seller conditionally agreed to sell the shares for sale (equivalent to the total issued share capital of the target company Wisdom Knight Holdings Limited) at a cost of HK$977 million. The company will seek special authorization at the special shareholders' meeting to allocate and issue consideration shares at the issue price (i.e. HK$3.15 per share) to cover the cost of the acquisition.

The target group is a full-life cycle service provider of “Green Energy Intelligent Computing”. It is mainly engaged in AI business in China, including providing AI computing power technology services and corresponding operation and maintenance services; constructing and developing AI intelligent computing centers; developing AI technology and providing comprehensive AI computing power scheduling platforms; and providing customers with comprehensive and one-stop comprehensive AI solutions.

According to the sale agreement, after completion, consideration shares accounted for about 38.08% of the company's issued share capital on the date of this announcement; and approximately 27.58% of the company's issued share capital expanded through allotment and issuance of consideration shares (assuming that there will be no change in the company's issued share capital other than allotted and issued consideration shares).