At the closing, the uspace tech (01725) surged by over 30%, as of the press release, it rose by 28.24%, closing at HKD 1.09, with a turnover of 30.7101 million Hong Kong dollars.
According to the financial news app, uspace tech (01725) soared by over 30% at the close, with an increase of 28.24% as of the press release, closing at HKD 1.09, with a turnover of 30.7101 million Hong Kong dollars.
On the news front, uspace tech recently announced that Wenyi Chuan has resigned as the chairman of the board of directors; and Mohamed Ben Amor has been appointed as the chairman of the board of directors, effective immediately. Ben Amor has served as the Secretary-General of the Arab Information and Communication Technology Organization (AICTO) since 2016, an organization supported by the Arab League dedicated to promoting ICT development in the Arab region.
It is noteworthy that on August 14, uspace tech signed a strategic cooperation agreement with the Egyptian National Space Agency in satellite manufacturing and testing, satellite launch, education, and training. The parties to the strategic cooperation agreement intend to strengthen cooperation by establishing a joint venture headquartered in Cairo, Egypt to engage in collaboration in the relevant fields.