AGTECH HOLDINGS (08279) saw its shares drop nearly 30% during late trading, nearly halving from its intra-year high of HK$0.95, with its total market capitalization falling below HK$6 billion. As of the time of writing, the stock was down 28.26% to HK$0.495, with a turnover of HK$50.302 million. On the news front, AGTECH HOLDINGS, an affiliate of Alibaba, recently entered into a strategic partnership with the Hong Kong Gold & Silver Exchange to jointly develop a digital gold trading platform. Dongwu Securities previously noted that by leveraging the technological and traffic advantages of the Alibaba ecosystem, AGTECH HOLDINGS is helping the Hong Kong Gold & Silver Exchange enhance its digital trading infrastructure. This collaboration is expected to promote the scaled development of digital gold trading, providing AGTECH HOLDINGS with stable technical service revenue while increasing the profit flexibility of Alibaba's business operations in Hong Kong.