Joyful Holdings (00653) surged over 11% again, with its share price doubling in the past five trading days. As of the time of writing, it was up 6.9%, trading at HKD 0.124, with a turnover of HKD 4.275 million.
According to Zhitong Finance, Joyful Holdings (00653) surged over 11% again, with its share price doubling in the past five trading days. As of the time of writing, it was up 6.9%, trading at HKD 0.124, with a turnover of HKD 4.275 million.
In terms of news, Joyful Holdings recently announced that its subsidiary, Joyful Supply Chain, entered into a non-legally binding Memorandum of Understanding (MoU) with Zi Yuan Yuan (08223). The two parties intend to launch a comprehensive strategic partnership, leveraging their respective strengths for mutual benefit and jointly expanding cross-border operations and new retail markets. The cooperation includes exploring complementary advantages, jointly establishing online and offline cross-border new retail businesses in the Greater Bay Area, and potential business licensing collaboration.
According to the MoU, both parties will leverage their respective strengths in beauty retail and nationwide operational sales resources to explore collaboration in areas such as market expansion, product partnerships, equipment support, and talent exchange. The two parties are considering forming a joint venture to establish a cross-border new retail business model within the Greater Bay Area. Additionally, Joyful Group intends to authorize certain products and equipment to Zi Yuan Yuan for sales in the Greater Bay Area. Specific cooperation is subject to the signing of a formal agreement for final confirmation.
