Tiangong International (00826) saw its shares climb more than 5% during morning trading. At the time of writing, the stock had advanced 5.31% to HK$3.77, with a turnover of HK$127 million.
Recently, Tiangong International welcomed a delegation led by Baris Telseren, President of Corporate Growth at UK-based Bodycote, for discussions on potential strategic cooperation. The company's subsidiary, Jiangsu Tiangong Xinzhi Materials Co., Ltd., is currently planning the second phase of its powder metallurgy project, which involves adding five hot isostatic pressing units. Bodycote's visit was well-timed, with both parties engaging in open and in-depth talks regarding future business expansion in sectors such as aerospace, automotive, and energy.
The discussions reinforced the strategic partnership between the two companies and identified new directions and pathways for business growth. They plan to collaborate comprehensively on powder metallurgy and heat treatment services both domestically and internationally, aiming to enhance their capabilities in serving end customers. This partnership is expected to drive the international transformation of China's high-end manufacturing industry and inject new momentum into the global high-end manufacturing sector.