Hong Kong Stock Market News | WISDOM SPORTS surges over 46%, hitting a new stage high with a staggering 117% increase in just two trading days.

Wisdom Sports surged more than 46%, reaching a new high in the stage, with a staggering increase of 117% in just two trading days. As of the time of writing, it has risen by 46.74%, reaching HKD 0.13, with a trading volume of HKD 1.66 million. In terms of news, according to the documents disclosed by the Hong Kong Stock Exchange on January 26th, HKND Limited increased its holdings of 400 million ordinary shares of Wisdom Sports at an average price of HKD 0.25 per share on January 23rd, with a total value of approximately HKD 100 million. After the increase, HKND Limited now holds a total of 400 million shares, and its stake has increased from 0.00% to 25.11%. It is reported that the company is mainly engaged in providing event sponsorship services and television program services in the People's Republic of China. The company operates through two business segments. The Wisdom Sports Event Sponsorship Department is responsible for organizing, managing, and promoting various international and domestic sports events and other marketing activities. The Wisdom Sports TV Program Department is engaged in television program production, distribution, and advertising operations.