Understanding the Market | CONGYU INTE AGR rose nearly 42% in the afternoon, with a cumulative increase of 1.2 times over the past four days. The company is raising funds to develop an agricultural vertical e-commerce platform and the agricultural low-altitude economy
CONGYU INTE AGR rose nearly 42% in the afternoon, with a cumulative increase of over 120% in the past four trading days. As of the time of writing, it is up 36.36%, priced at HKD 0.75, with a trading volume of HKD 21.3416 million. On the news front, CONGYU INTE AGR recently announced plans to place a maximum of 91.0217 million shares, with estimated net proceeds of approximately HKD 25.9 million. The announcement stated that the company intends to use about HKD 15 million of the net proceeds from the placement to repay loans, approximately HKD 8 million for the development of an agricultural vertical e-commerce platform and low-altitude economy, and about HKD 2.9 million for general operating funds of the group. It is reported that the country is currently vigorously promoting the development of the low-altitude economy and smart agriculture, with various regions such as Guangxi, Heilongjiang, and Fujian having introduced corresponding support policies. Practice has shown that the comprehensive benefits of "low-altitude + agriculture" are significant. Industry experts point out that the integration of the low-altitude economy and agriculture not only greatly enhances production efficiency and precision, reduces production costs, but also promotes the transformation of traditional agriculture from "experience planting" to "digital planting" through data collection and analysis, providing new momentum for the development of modern agriculture
According to Zhitong Finance APP, CONGYU INTE AGR (00875) rose nearly 42% in the afternoon, with a cumulative increase of over 120% in the past four trading days. As of the time of publication, it was up 36.36%, priced at HKD 0.75, with a transaction volume of HKD 21.3416 million.
In terms of news, CONGYU INTE AGR recently announced plans to place a maximum of 91.0217 million shares, with the net proceeds estimated to be approximately HKD 25.9 million. The announcement stated that the company intends to use about HKD 15 million of the net proceeds from the placement to repay loans, about HKD 8 million for the development of an agricultural vertical e-commerce platform and agricultural low-altitude economy, and about HKD 2.9 million for general operating funds of the group.
It is reported that the country is currently vigorously promoting the development of low-altitude economy and smart agriculture, with various regions such as Guangxi, Heilongjiang, and Fujian having introduced corresponding support policies. Practice has shown that the comprehensive benefits of "low-altitude + agriculture" are significant. Industry experts point out that the integration of low-altitude economy and agriculture not only greatly enhances production efficiency and precision, reduces production costs, but also promotes the transformation of traditional agriculture from "experience planting" to "digital planting" through data collection and analysis, providing new momentum for the development of modern agriculture
