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Yield Go Holdings Ltd. ( (HK:1796) ) has issued an update.
Metaspacex Limited has formed Xinglun Digital Technology (Shenzhen) Co., Ltd. as a non-wholly owned PRC subsidiary to execute a previously announced strategic cooperation with Guangzhou Xinglun Safety Industry. The new entity, owned 51% by Metaspacex and 49% by Guangzhou Xinglun, will focus on Industrial Internet of Things, industrial software and smart manufacturing, signaling a deeper move into high-tech industrial solutions and potential new revenue streams.
The company has also appointed 33-year-old Wang Kai, a former senior manager at Guangzhou Xinglun with experience in business administration, project management and product engineering, as chief executive officer of the new subsidiary effective 13 February 2026. His appointment is expected to support execution of the cooperation projects and integration between the partners, though the venture has yet to commence operations and details of project rollout are still under discussion.
The most recent analyst rating on (HK:1796) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.
More about Yield Go Holdings Ltd.
Metaspacex Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries in technology-related businesses. The group is expanding into the Industrial Internet of Things, industrial software and smart manufacturing in mainland China, targeting opportunities in the PRC’s fast-growing digital industrialization landscape.
Average Trading Volume: 1,696,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.4B
For an in-depth examination of 1796 stock, go to TipRanks’ Overview page.