GD-HKGBA HLDGS Surges Over 7% in Morning Trading Following Announcement of HK$108 Million Share Placement

Deep News
Jan 30

GD-HKGBA HLDGS (01396) opened higher in morning trading, with its stock price rising 7.54% to HK$6.85, and a turnover of HK$10.62006 million.

In December 2025, GD-HKGBA HLDGS announced a share placement to raise HK$108 million, with approximately 70% of the proceeds intended to be used for the delivery of an AI computing power cloud services project. Earlier, in October last year, the company completed the acquisition of Tiandun Data for HK$977 million. Tiandun Data is a first-tier intelligent computing infrastructure construction and operation provider in China, which has accumulated nearly 200 corporate clients, including major cloud service providers and leading AI companies. Furthermore, the company recently announced that GD-HKGBA HLDGS (Tiandun Data) has become the official strategic partner for the AI Agent 2025 Global Agent Ecosystem Summit.

According to GD-HKGBA HLDGS's 2025 interim results, the company swung to a profit attributable to owners of HK$970 million in the first half of the year, compared to a loss of HK$1.028 billion in the same period of 2024. Public information shows that on May 7, 2025, GD-HKGBA HLDGS completed a US$440 million debt-to-equity swap plan with a high approval rate of 98.33%, becoming the first mainland real estate company listed in Hong Kong to almost entirely clear its offshore US dollar bonds.

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