Changes in Hong Kong stocks | Weisheng Holdings (03393) rose nearly 5% at the end of the session to a new high. Weiyuan Energy, a subsidiary of ADO's ADO business, recently introduced strategic shareholder Boyu Investment

The Zhitong Finance App learned that Weisheng Holdings (03393) rose nearly 5% at the end of the session to a high of HK$17.99, reaching another record high. As of press release, it rose 4.37% to HK$17.93, with a turnover of HK$24.4084 million.

According to the news, Weisheng Holdings recently announced that Weiyuan Energy, a non-wholly-owned subsidiary of its ADO business, introduced strategic shareholder Boyu Investment. Boyu Investment will subscribe for 48.81 million new shares of Weiyuan Energy with a total amount of RMB 380 million, accounting for about 8% of the expanded share capital. Weiyuan Energy is valued at about RMB 4.75 billion.

SDIC Securities (International) released a research report saying that demand for data center business has entered a period of explosion, driving Weisheng Holdings' ADO business into a period of rapid growth. Weisheng Holdings' ADO business is operated by Weiyuan Energy, a non-wholly-owned holding subsidiary. Weisheng Holdings holds approximately 65% of Weiyuan Energy's shares. The bank expects a strong alliance between Weisheng Holdings and Boyu Investment Holdings to cooperate in the fields of industrial resources and cross-border layout. In addition, Weiyuan Energy is also promoting an A-share listing. The bank believes that if it is successfully listed, it will further release the company's value.