INTL GENIUS (00033) rose more than 6% in early trading, as of the time of writing, it rose 4.31%, to HKD 5.08, with a turnover of HKD 9.3091 million.
According to the Zhitong Finance APP, INTL GENIUS (00033) rose more than 6% in early trading, as of the time of writing, it rose 4.31%, to HKD 5.08, with a turnover of HKD 9.3091 million.
On the news front, INTL GENIUS previously announced that its subsidiary, Deep Neural Computing Company, has signed a cooperation framework agreement with CFL, aiming to enhance CFL and its partners' asset management services by utilizing the group's algorithmic trading technology knowledge. Management believes that this cooperation can promote business development, expand sources of revenue, improve performance, and create value for shareholders by extending its trading technology globally.
In addition, INTL GENIUS announced that on May 14th, it entered into a memorandum of understanding to acquire the target company's entire issued share capital for USD 30 million. It is reported that the target company is a Singapore-registered company that primarily provides wealth consulting services to high net worth clients and financial consulting services related to insurance. It has served more than 150 clients and manages assets worth a total of USD 1 billion.