The Zhitong Finance App learned that Yinghui Enterprise Holdings (02195) rose more than 6% intraday. As of press release, it rose 3.9% to HK$0.4, with a turnover of HK$11.9021 million.
According to the news, on August 29, the company and the seller signed a memorandum of understanding. The company plans to acquire a controlling interest in an artificial intelligence (AI) and Internet innovation technology company (target company) founded in China. The target company is mainly engaged in developing smart multimedia, e-commerce operations, e-commerce live streaming and short video ecosystem services for the entire industry.
The announcement stated that after signing the Memorandum of Understanding, the Group will have the opportunity to enter into the digital marketing business using AI and natural language processing technology, which will make the Group's business more diversified, thereby improving the Group's organizational performance.