$DZUG (01635.HK)$The stock price has risen over 13%, with a cumulative increase of over 100% in three trading days. As of press time, it rose by 13.73%, to HKD 2.65 with a turnover of 0.161 billion Hong Kong dollars.
On the news front, Shanghai Dazhong Public Utilities issued a statement yesterday, stating that media reports on its involvement in the concept of intelligent connected vehicles were mainly due to the company's 26.87% stake in Dazhong Transportation. Dazhong Transportation, on the other hand, stated yesterday that the intelligent connected vehicle model is currently in the experimental stage and does not generate any income. Currently, Shanghai Dazhong Public Utilities operates mainly in gas, sewerage and other businesses, and accounts for the equity investment in Dazhong Transportation by using the equity method, which will not have a direct impact on its performance.