Yaogao Holdings (01796) continued to rise by more than 6%. As of press time, it rose 6.8% to HK$5.5, with a turnover of HK$2 million.
The Zhitong Finance App learned that Yaogao Holdings (01796) continued to rise by more than 6% and rose 6.8% as of press time to HK$5.5, with a turnover of HK$2 million. It is worth noting that the company's stock price fluctuated more than ten trading days, with a cumulative increase of more than 70% during this period.
According to the news, the company issued an announcement on April 1. The company recently cooperated with Sanitic Technology (M) SDN.BHD. (Sanitic Technology) signed a letter of intent for strategic cooperation (“strategic cooperation”) to jointly develop Meta SpaceX Web3 business. According to reports, Meta SpaceX Web3 business aims to provide users with an immersive, interactive, and unbounded digital living space. By integrating the most advanced technology, a comprehensive metaverse platform has been built, covering multiple dimensions, and providing users with a unique virtual experience.
The company believes that the strategic cooperation proposed in this strategic cooperation is in line with the Group's business expansion and development strategy. This strategic cooperation with Santitic Technology can bring potential profit growth points to both parties, and this move is in line with the overall interests of the company and shareholders. The specific terms and conditions of the formal agreement are subject to review and approval by the board of directors after the company has completed due diligence.