Movement Alert｜Novakon Rises 8.53% in Regular Trading, Subsidiary Receives RMB 40 Million Capital Injection to Expand Smart Airport Business

Market Focus

Jul 06

On July 6, Novakon (02635) rose 8.53% in regular trading, trading at HK$13.09/share, with turnover of approximately HK$97.22 million.

On the news front, the company recently announced that investors including Bojiang Dingsheng, Bojiang Ruize, Bojiang Ruizhi, Bojiang Xingjia, and Pinghu Bojiang have collectively invested RMB 40 million into Shaanxi Huibo, a non-wholly-owned subsidiary of the company. Upon completion, Shaanxi Huibo's registered capital will increase from RMB 12.5 million to RMB 13.61 million.

Shaanxi Huibo is primarily engaged in smart airport operations, aligning with China's Smart Civil Aviation policy and representing a high-growth sector combining artificial intelligence with airport operations. The company stated that this capital injection will leverage local policy, capital, and talent advantages in Hanzhong to drive steady development of the group's smart airport business, serving the long-term interests of the company and its shareholders. The market continues to warm to expectations around the company's second growth curve.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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