HK-listed Oshidori climbs on buying stake in AI infrastructure firm
BUZZ-HK-listed Oshidori climbs on buying stake in AI infrastructure firm ** Shares of financial services provider Oshidori International 0622.HK climb 5.6% to HK$3.18, on course for biggest one-day pct gain in a week
** Oshidori plans to buy from third party Nova Scope Ventures a 100% stake in Apex Realm Ventures for HK$3.186 billion ($406.12 million), a deal to be settled by issuing 1.18 billion new shares, representing 14.53% of the enlarged share capital
** Apex holds an indirect 49.60% interest in Terminus Shanghai Intelligent Technology, which provides AI infrastructure, computing power leasing, model services and intelligent agent applications with clients from internet, automotive, energy and telecommunications sectors - Co
** YTD, stock up 300%, while benchmark Hang Seng Index .HSI has fallen 3%
($1 = 7.8450 Hong Kong dollars)
(Reporting by Donny Kwok)
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