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SPT Energy's Unit to Purchase Oilfield Operation Equipment; Shares Surge 7%
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Hong Kong stock morning report | Alibaba will invest over 50 billion USD in AI over the next three years. JD.com will bear all costs of five social insurance and one housing fund for delivery riders.
① The draft of the Private Economy Promotion Law's second review proposes to add a provision that prohibits implementing fines without a legal basis. ② Tesla is reportedly preparing to update its Software in China to deploy the FSD feature, which will be launched in batches for different vehicle models. ③ Apple announced that it will invest 500 billion dollars in the U.S. to respond to the tariff threats from Trump. ④ JD.com Group: All costs related to the five insurances and one fund for delivery riders will be fully borne by JD.com.
SPT ENERGY (01251.HK) subsidiary signs a procurement contract.
On February 24, Glonehui reported that SPT ENERGY (01251.HK) announced that on February 24, 2025, the buyer (i.e., the company's indirect subsidiary) entered into a procurement contract with the seller to purchase oilfield operation equipment, with a total contract amount of 19,900,000 yuan. The oilfield operation equipment refers to the equipment procured under the procurement contract, including one continuous coiled tubing semi-trailer, one nitrogen generation unit, one continuous coiled tubing Tower, and one automotive crane. The purchase is part of the capital investment for the oilfield service project in Turkmenistan, which will enhance the group's production efficiency and is expected to positively impact the company's reservoir division's performance.