Hong Kong Stock Movement
RELIANCE GLO HL surged 20%. Based on recent key news:
<ol>
<li>
On December 22, RELIANCE GLO HL signed a cooperation agreement with Guangxi Fenglin Wood Industry Group to jointly develop the EU wood panel market. This agreement aims to enhance both parties' market share and brand influence in the EU and establish an efficient sales and service network. This move is believed to promote the development of RELIANCE GLO HL's timber supply chain business, bringing additional revenue and synergies, driving up the stock price. Source: Zhitong Finance
</li>
<li>
On December 22, RELIANCE GLO HL announced that its subsidiary Huitong Resources International Limited obtained regional agency rights for wood panel products from Guangxi Fenglin in several EU countries. This authorization is expected to bring new revenue sources to the company and create synergies with existing businesses, further expanding its market presence in the EU. Source: Economic Information Daily
</li>
<li>
On December 22, the board of directors of RELIANCE GLO HL believed that the cooperation agreement with Guangxi Fenglin aligns with the group's business objectives and is expected to create opportunities for long-term development, driving up the stock price. Source: Zhitong Finance The EU market cooperation agreement drives up the stock price.
</li>
</ol>
Stocks Ranked Among the Top by Market Capitalization in the Industry
Green Heart Group, with a market capitalization of HKD 256 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation

00723

RELIANCE GLO HL surged 20.00%; Greenheart Group's market value reached HKD 256 million

Hong Kong Stock Movement: RELIANCE GLO HL surged 20%, EU market cooperation agreement acts as a catalyst for stock price