CHINA IN-TECH (00464) gained more than 5% during trading. As of press time, the stock was up 5.49% to HK$0.96, with a trading volume of HK$3.8916 million.

On the news front, CHINA IN-TECH recently announced that the company, acting as a potential subscriber, has entered into a non-legally binding memorandum of understanding with Dekun Asset Management (Hong Kong) Limited (the target company). The MOU concerns a possible subscription for up to 30% of the target company's enlarged issued share capital. The consideration for the potential investment and other terms are subject to further negotiations between the parties to the memorandum.

The target company is an investment holding company incorporated in Hong Kong that primarily provides virtual digital product trading services to users through its wholly-owned subsidiaries. Its indirect wholly-owned subsidiary operates as a company that sells online virtual digital top-up products through its e-commerce platform and provides sales and recharge services for such products.

Prior to making any potential investment, the company will conduct further due diligence on the target company and ensure compliance with all relevant laws and regulations.