ENVISION GREEN (01783) saw a midday surge of over 9%, with shares now up 4.80% at HK$4.80, with a trading volume of approximately HK$35.48 million, as of the latest update.

The company previously announced a strategic plan to acquire all shares of YV CLOUD Limited and Shanghai Youfu Cloud Computing for a maximum of HK$2.5 billion, entering the artificial intelligence infrastructure and computing power service market.

The board believes this acquisition is a significant and timely strategic move, helping the company expand from its core green energy and circular economy infrastructure into the fields of computing power infrastructure, cloud computing, and AI computing power services.