Market Insight | Dongfang Selection rose nearly 8% in early trading, Lenovo Group recently acquired company shares, market speculates on possible future cooperation
Dongfang Selection rose nearly 8% in early trading, up 5.84% as of the time of publication, at HKD 19.92, with a turnover of HKD 165 million. On the news front, on May 14th, Golden Spring Investment announced that its wholly-owned subsidiary Redwood purchased 142,500 shares of Dongfang Selection on May 13th, with a total investment of HKD 2.341 million. According to the announcement, in the 12 months prior to this transaction, Redwood had already purchased 711,500 shares of Dongfang Selection, with a total investment of HKD 11.938 million. Golden Spring Investment stated that considering Dongfang Selection's business plans and financial performance, the group holds a positive attitude towards Dongfang Selection's financial performance and future prospects. It is reported that Golden Spring Investment Group's main business is investment management services and direct investment strategies, with its investment business originating from the hedge fund department of Horizon Ventures, a professional company under Legend Holdings engaged in equity investment and management business. Regarding whether Dongfang Selection will engage in strategic cooperation with Golden Spring Investment in the future, or whether it is negotiating investment matters with other capital institutions, on May 15th, a reporter from Times Weekly interviewed relevant personnel from Dongfang Selection, who stated, "We are not accepting interviews at the moment."
Intelligence Finance APP learned that Oriental Select (01797) rose nearly 8% in early trading, up 5.84% as of the time of publication, at HKD 19.92, with a turnover of HKD 165 million.
On the news front, on May 14th, King Yung Investment announced that its wholly-owned subsidiary Redwood purchased 142,500 shares of Oriental Select on May 13th, with a total investment of HKD 2.341 million. According to the announcement, in the 12 months prior to this transaction, Redwood had already purchased 711,500 shares of Oriental Select, with a total investment of HKD 11.938 million. King Yung Investment stated that considering Oriental Select's business plans and financial performance, the group holds a positive attitude towards Oriental Select's financial performance and future prospects.
It is reported that King Yung Investment Group's main business is investment management services and direct investment strategies, with its investment business originating from the hedge fund department of Horizon Ventures, a professional company under Lenovo Holdings Limited engaged in equity investment and management business.
Regarding whether Oriental Select will engage in strategic cooperation with King Yung Investment in the future, or whether it is discussing investment matters with other capital institutions, when interviewed by Time Weekly reporters on May 15th, Oriental Select related personnel stated, "We are not accepting interviews at the moment."