On August 12, WELLCELL HOLD rose 10.39% in regular trading, trading at HK$0.25/share, with turnover of approximately HK$72.91 million.
On the news front, the company's AI computing platform NovaxAI recently signed a strategic cooperation memorandum with Alibaba Cloud International, officially entering the global enterprise-level AI computing infrastructure collaboration space. The news has continued to ferment over several consecutive sessions. Additionally, the market expects the company may convene a special shareholders meeting after its interim results to advance a corporate name change. These catalysts are layered on top of the company's earlier completion of approximately HK$188 million in financing via a top-up placing arrangement, with proceeds entirely directed toward AI computing infrastructure development, including platform R&D, computing resource prepayments, and self-built computing pools.
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