Hong Kong Stock Movement | YOUZAN (08083) Surges Over 6% Again as Company Plans Main Board Transfer to Address GEM Listing Valuation Drag

Stock News
10/08

YOUZAN (08083) surged over 6% again, and as of press time, the stock was up 4.65% to HK$0.225, with a turnover of HK$104 million. On the news front, YOUZAN is currently actively exploring and evaluating the possibility of transferring all company shares from the GEM to the Main Board of the Hong Kong Stock Exchange. The assessment regarding the potential board transfer is still in its preliminary stages, and no formal application has been submitted to the Hong Kong Stock Exchange yet. The company stated that it will issue separate announcements at appropriate times to provide timely updates on subsequent developments regarding the potential board transfer. Guosen International believes that the GEM listing background has dragged down the company's valuation, and if the transfer to the Main Board is successful, combined with improving operating performance, the company's valuation is expected to be enhanced.

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