Understanding the Market | DZUG rises over 13% as the company holds shares in Shenzhen Capital Group, and the market favors the Moole Thread concept

DZUG rose over 13%, as of the time of writing, up 13.54%, reported at HKD 3.27, with a transaction volume of HKD 230 million. On the news front, the Shanghai Stock Exchange's official website shows that Moore Threads' initial public offering (IPO) application has successfully passed the review. It was disclosed that Moore Threads aims to raise HKD 8 billion in its IPO, and if it successfully lists within the year, it will become the largest IPO on the Sci-Tech Innovation Board this year. DZUG previously stated on the interactive platform that the company holds shares in Shenzhen Capital Group, which, along with its funds, holds shares in Yushu Technology. It is reported that after its establishment, Moore Threads received investments from several institutions, including Shenzhen Capital Group. Public information shows that DZUG is an investment holding company that advances in both public utilities and financial venture capital, with the venture capital business being a significant segment and source of profit for DZUG, which holds a 10.80% equity stake in Shenzhen Capital Group. In addition, the latest data from the Hong Kong Stock Exchange shows that on September 22, Barclays PLC increased its holdings in DZUG by 25.742 million shares, at an average price of HKD 3.4417 per share, totaling approximately HKD 88.5962 million. After the increase, the latest number of shares held is 27.705 million, with a latest holding ratio of 5.19%