The Zhitong Finance App learned that Shankao Holdings (00412) rose by more than 14%. As of press release, it had risen 12.04% to HK$6.7, with a turnover of HK$53.8432 million.

According to news, in March 2024, Century Internet reached a strategic collaboration with the Ulanqab People's Government and Shantao Holdings. The three parties will jointly build a green intelligent computing center industrial cluster for the next generation of AIDC in Ulanqab to promote the deep integration of power grids and computing power grids. Notably, Shantao Holdings strategically took a stake in Century Connect at the end of last year, subscribed to Century Connect's Class A common stock for an additional 299 million US dollars, and owned 42% of its shares.

According to the 2023 report issued by Shantao Holdings, by the end of 2023, Shantao Holdings achieved net profit of HK$540 million, an increase of more than two times over the same period last year. The company's total assets are HK$72.75 billion, of which industrial assets reach HK$58.6 billion, accounting for nearly 90% of the total assets. Shantao Holdings has basically completed two major industrial tracks focusing on new energy and new infrastructure.