GD-HKGBA HLDGS (01396) surged nearly 15% during trading, reaching a high of HK$6.23, marking its highest level since July 2017. As of press time, the stock was up 12.94% to HK$6.11, with a turnover of HK$40.755 million.

On the news front, GD-HKGBA HLDGS previously released its interim results announcement. In the first half of the year, the company's net profit attributable to shareholders turned from a loss of RMB 1.028 billion in the same period of 2024 to a profit of RMB 970 million; the asset-liability ratio plummeted from 99% at the end of 2024 to 48%; the interest-bearing debt ratio dropped from 45% at the end of 2024 to merely 7%; and net assets increased 30-fold from the beginning of the year to RMB 3.05 billion.

According to public information, on May 7, 2025, GD-HKGBA HLDGS completed a US$440 million debt-to-equity swap scheme with a high approval rate of 98.33%, becoming the first mainland property developer to almost entirely clear its offshore US dollar debt.

Notably, GD-HKGBA HLDGS announced at the end of July this year its plan to acquire shares in an AI computing company for HK$977 million. The target group has been engaged in internet data center (IDC) and internet service provider (ISP) services since 2016, and added AI business in the second half of 2024. Overall, the target group is a "green energy smart computing" full-lifecycle service provider, primarily engaged in AI business in China, including providing AI computing technical services and corresponding operation and maintenance services; constructing and developing AI smart computing centers; operating AI smart computing centers; researching and developing AI technology and providing comprehensive AI computing scheduling platforms; and offering comprehensive and one-stop integrated AI solutions to customers.