CONGYU INTE AGR (00875) surged over 28% again, with cumulative gains approaching 200% since September 16. As of press time, the stock was up 21.25% to HK$0.97, with trading volume reaching HK$11.3487 million.
On the news front, CONGYU INTE AGR announced in mid-September a proposed placement of up to 91.0217 million shares, with net proceeds of approximately HK$25.9 million. About HK$8 million of these proceeds will be allocated toward developing an agricultural vertical e-commerce platform and agricultural low-altitude economy initiatives.
On September 17, CONGYU INTE AGR's wholly-owned subsidiary, South China Leading Low-Altitude Industry Investment (Shenzhen) Co., Ltd., entered into strategic cooperation agreements with Atmospheric IoT Technology (Guangzhou) Co., Ltd. and South China Digital Agriculture Technology (Shenzhen) Co., Ltd. This collaboration focuses on the deep integration of low-altitude economy and digital agriculture, which is expected to further expand CONGYU INTE AGR's strategic positioning in the smart agriculture sector.