The Zhitong Finance App learned that China's Bolton (03318) rose more than 9%. As of press release, it had risen 9.43% to HK$2.9, with a turnover of HK$5.4017 million.

According to the news, China's Bolton announced that the Shenzhen Nanshan District Government plans to expropriate a plot of land owned by the subsidiary Shenzhen Bolton to build a high-speed railway hub and related projects. The relevant departments have provided compensation plans to Shenzhen Bolton.

Tianfeng Securities pointed out that the company plans to invest more resources to develop electronic atomizers and has successfully acquired land in Zhongkai District, Huizhou City, Guangdong Province to build an intelligent manufacturing base for electronic atomizers. The project is a strategic move for the company to expand its e-cigarette product division. The construction period is 2023-2025. The bank believes that the amount of land acquisition compensation will increase the company's capital reserves and is expected to accelerate the company's business expansion.

It is worth mentioning that there is recent news that leading e-cigarette company iMiracle is contacting Huabao and China's Bolton to acquire one of them to complete the backdoor listing. In response, Huabao Co., Ltd. stated that the above information was untrue. Meanwhile, a relevant person in contact with China's Bolton also said that the above news has not been confirmed and is a market rumor.