GOFINTECH QUANT (00290) has surged over 6% once again, bringing its cumulative gain since November 6th to more than 80%. At the time of writing, the stock was up 6.05%, trading at HK$2.98, with a turnover of HK$13.16 million.

The recent price movement follows the company's announcement of the completion of a loan capitalization. A total of 459 million capitalization shares were issued to the lender, Liu Zhiwei, at HK$1.28 per share, amounting to a consideration of approximately HK$587 million, which will be settled by offsetting a loan repayment of the same amount.

Following the allotment and issuance of the capitalization shares, Liu Zhiwei's stake in GOFINTECH QUANT increased from 17.49% to 21.46%.

Reportedly, GOFINTECH QUANT is a cross-border, cross-sector technology innovation investment platform. Based in Hong Kong and leveraging the Greater Bay Area, it operates internationally and holds Type 1, 4, 6, and 9 licenses from the Hong Kong Securities and Futures Commission, along with qualifications for cross-border businesses such as OF1, CIBM, QDIE, QFLP, and Bond Connect. The company has established an integrated ecosystem across four major business segments: technology innovation, finance, art, and trade, with significant strategic investments in cutting-edge fields like quantum technology and digital assets.