Hong Kong's Oshidori climbs on buying stake in AI infrastructure firm
Oshidori International shares climb 5.6% to HK$3.18. The company plans to buy 100% of Apex Realm Ventures for HK$3.186 billion ($406.12 million) by issuing new shares representing 14.53% of enlarged capital. Apex holds an indirect 49.60% stake in Terminus Shanghai Intelligent Technology, which provides AI infrastructure and related services.
18, putting the stock on track for its biggest one-day percentage gain in a week. 12 million). 53% of the enlarged share capital. 60% interest in Terminus Shanghai Intelligent Technology, which provides AI infrastructure, computing power leasing, model services and intelligent agent applications to clients in the internet, automotive, energy and telecommunications sectors, the company said.
Oshidori's shares are up 300% year to date, while the benchmark Hang Seng Index has fallen 3%. 8450 Hong Kong dollars)