Tianji Holdings (01520) surged over 8% in early trading and, as of the time of writing, was up 5.21% at HKD 1.01.
According to Zhitong Finance, Tianji Holdings (01520) rose over 8% in the morning session. As of press time, it was up 5.21%, trading at HKD 1.01.
In terms of developments, Tianji Holdings announced that its wholly-owned subsidiary, Beijing Yiwu'erling, signed a strategic cooperation framework agreement with COFCO Beijing. Under the cooperation agreement, based on the principles of complementary advantages, resource sharing, mutual benefit, and long-term stable cooperation, both parties agreed to engage in in-depth strategic cooperation in areas such as research and development, production, promotion, and sales of sports food products (including but not limited to sports drinks and sports supplements), jointly tapping into the sports nutrition food market.
The board believes that the COFCO Nutrition and Health Research Institute has deep expertise in food ingredient research and development, supply chain management, and brand resources, while the group has strengths in operating within the sports and new consumer markets as well as channel layout. This strategic cooperation will achieve complementary resources and synergies between the two parties, helping the group enrich its product portfolio and expand market opportunities. Furthermore, this collaboration marks an important milestone for the company in the field of new consumer IPs, effectively enhancing the group’s expansion in consumer-grade IPs, improving the company’s overall competitiveness, and is expected to bring new business growth points, positively impacting the company's future development.
