Hong Kong Stock Movement | TRADEGO (08017) Surges Over 10% Again as Company Plans Additional HK$40 Million Capital Injection into TGM to Boost Licensed Financial Services Expansion

Stock News

Sep 16

TRADEGO (08017) surged over 10% again, with cumulative gains exceeding 11 times for the year. As of press time, the stock rose 7.05% to HK$2.43, with trading volume reaching HK$21.76 million.

On the news front, TRADEGO announced that following the HK$43 million capital injection into its indirect wholly-owned subsidiary TradeGo Markets Limited on July 29, the company plans to inject an additional HK$40 million into TGM to further support its business expansion.

TGM is a licensed corporation under Hong Kong's Securities and Futures Ordinance, holding Type 1 and Type 7 licenses. This capital injection aims to strengthen TGM's capital base to accommodate its business scale growth and risk management requirements, further promoting the expansion of licensed financial services.

It is worth noting that TRADEGO previously announced that its subsidiary Jieli Gangxin plans to establish a joint venture company with Frost & Sullivan and Jinzhou Holdings. The joint venture's main business scope is expected to include: RWA asset rating services, data and information product services, structural design and advisory services, as well as industry standards and regulatory cooperation projects.

Additionally, TRADEGO announced its plan to form a strategic cooperation with Boledun and Jinzhou Holdings regarding the global issuance of Real World Assets (RWA).

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As of press time, the stock rose 7.05% to HK$2.43, with trading volume reaching HK$21.76 million.\nOn the news front, TRADEGO announced that following the HK$43 million capital injection into its indirect wholly-owned subsidiary TradeGo Markets Limited on July 29, the company plans to inject an additional HK$40 million into TGM to further support its business expansion.\nTGM is a licensed corporation under Hong Kong's Securities and Futures Ordinance, holding Type 1 and Type 7 licenses. This capital injection aims to strengthen TGM's capital base to accommodate its business scale growth and risk management requirements, further promoting the expansion of licensed financial services.\nIt is worth noting that TRADEGO previously announced that its subsidiary Jieli Gangxin plans to establish a joint venture company with Frost & Sullivan and Jinzhou Holdings. 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