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The latest announcement is out from Yee Hop Holdings Ltd. ( (HK:1662) ).
Yee Hop Holdings Ltd. has announced a strategic move to acquire a majority stake in Trio AI Limited, an AI infrastructure service provider in Hong Kong. This acquisition, valued at HK$15 million, will see Yee Hop Holdings owning 51.73% of Trio AI, thereby integrating its high-performance GPU accelerated cloud computing solutions into its operations. This move is expected to enhance Yee Hop’s capabilities in AI model development and deployment, positioning it favorably in the growing AI industry.
The most recent analyst rating on (HK:1662) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Yee Hop Holdings Ltd. stock, see the HK:1662 Stock Forecast page.
More about Yee Hop Holdings Ltd.
Yee Hop Holdings Ltd. is a company incorporated in the Cayman Islands, operating with its subsidiaries in various sectors. The company has recently focused on expanding its business development initiatives.
Average Trading Volume: 1,238,406
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.35B
See more insights into 1662 stock on TipRanks’ Stock Analysis page.