HK Stock Movement | DZUG (01635) Surges Over 9% as Moore Threads Initiates STAR Market IPO

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Nov 14

DZUG (01635) surged over 9% intraday, and as of press time, it was up 7.89% at HK$4.1, with a turnover of HK$327 million. The rally follows news that Moore Threads Technology Co., Ltd. disclosed its prospectus for an initial public offering (IPO) on the STAR Market on the evening of November 13. The company has set the preliminary inquiry date for November 19, with the subscription date scheduled for November 24.

Public records indicate that DZUG is one of the major shareholders of Shenzhen Capital Group (SCGC), holding a direct 10.8% stake—the fourth-largest among SCGC's shareholders. Including indirect holdings, its total stake reaches 13.93%. SCGC has invested in numerous high-profile companies, including two IPO-bound firms: Unitree Robotics and Moore Threads.

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