According to the WiseNews App, Fih Group (02038) rose nearly 7% in the afternoon. As of publication, it rose 6.67% to HKD 0.96, with a turnover of HKD 39.3671 million.

On the news front, Fih Group announced that it plans to further invest in its Vietnamese subsidiary Fushan with a total amount of USD 42.36 million for long-term investments in its operating capital and general corporate purposes.

It is reported that Fushan's main business is the manufacturing, processing and assembly of mobile devices and audio equipment, computer equipment, optical equipment, wearable equipment, as well as electronic and telecommunications equipment. It is worth noting that in March of this year, Fih Group pointed out that Fushan's business continues to diversify, including home appliances, feature phones and smartphones, automotive parts, information and communication technology (ICT), electric vehicles, tablets, and more.