CENTRAL NEW EGY (01735) surged over 7% in early trading. As of press time, the stock was up 3.41% to HK$9.05 with trading volume reaching HK$19.3764 million.

On the news front, CENTRAL NEW EGY announced that on August 25, 2025, EGN LTD (EGN) entered into a memorandum of understanding with the company. According to the MOU, the contracting parties intend to invest in photovoltaic power station projects in Oman and establish local PV module production capacity. The cooperation will be based on principles of equality, mutual benefit, industrial synergy, and coordinated development, aiming to establish a long-term stable strategic partnership to achieve common growth and shared success.

Under the strategic cooperation agreement, EGN LTD will lead the development of integrated source-grid-load-storage projects in Oman based on green energy and incorporating data centers (including but not limited to AI data centers). CENTRAL NEW EGY will provide services including photovoltaic power station investment, construction, operation, and comprehensive energy management. Additionally, both parties will collaborate in subsequent resource and product synergy, technology research and development, industrial localization, and deepening regional cooperation to jointly create a cooperative industrial ecosystem and promote upstream and downstream industrial cluster development.

This cooperation is viewed as an important initiative by CENTRAL NEW EGY under the leadership of Chairman Yu Zhuyun, guided by "dual carbon goals" and responding to the "Belt and Road" initiative to accelerate the overseas expansion of green energy technology. The company has recently reached cooperation agreements with multiple overseas enterprises including Sama Technology, Honeywell UOP, and ONYX Group, with its internationalization strategy gaining market attention.

It is reported that global asset management giant BlackRock and DBS Bank, one of Asia's largest financial banks, both hold optimistic views on the company's development prospects.