Core Viewpoint - The company, Guangdong-Hong Kong Holdings (01396), announced a change in the trading unit of its shares on the Hong Kong Stock Exchange, reducing the minimum trading unit from 8,000 shares to 2,000 shares, effective from November 24, 2025 [1] Summary by Category - **Company Announcement** - Guangdong-Hong Kong Holdings will change the trading unit of its shares from 8,000 shares to 2,000 shares on the Hong Kong Stock Exchange [1]

Core Viewpoint - Yue Gang Wan Holdings (01396.HK) announced a change in the trading unit of its shares on the Hong Kong Stock Exchange, reducing the minimum trading unit from 8,000 shares to 2,000 shares, effective from November 24, 2025 [1] Group 1 - The company’s share par value is HKD 0.10 per share [1] - The change in trading unit aims to enhance liquidity and accessibility for investors [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵港灣控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1396） 更改每手買賣單位 粵港灣控股有限公司董事（「董事」）會（「董事會」）謹此宣佈，本公司股本中每股 面值0.10港元之股份（「股份」）於香港聯合交易所有限公司（「聯交所」）主板買賣之 每手買賣單位將由8,000股股份更改為2,000股股份，自2025年11月24日（星期一） 上午九時正起生效（「更改每手買賣單位」）。 根據股份緊接本公告日期前在聯交所所報收市價每股5.96港元計算，現有每手買 賣單位8,000股股份之市值為47,680港元。於更改每手買賣單位生效後，股份將以 每手買賣單位2,000股股份進行買賣，而每手買賣單位2,000股股份之相應市值將 為11,920港元（根據股份緊接本公告日期前在聯交所所報收市價每股5 ...

Core Viewpoint - Yuegangwan Holdings (01396) announced that as of the date of the announcement, the total land reserve of the company is approximately 1.4 million square meters [1] Group 1 - The company currently holds a total land reserve of approximately 1.4 million square meters [1]

Group 1 - The company, Guangdong-Hong Kong Bay Holdings (01396), announced that its current land reserve totals approximately 1.4 million square meters [1]

Core Viewpoint - Yue Gang Wan Holdings (01396.HK) announced that as of the announcement date, the total land reserve area is approximately 1.4 million square meters [1] Summary by Category - **Company Information** - The company currently holds a total land reserve of approximately 1.4 million square meters [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 於本公告日期，本公司現有土地儲備總佔地面積約140萬平方米，詳情載列如下： | | | | | | 確認時間╱ | | | --- | --- | --- | --- | --- | --- | --- | | 未開發 | | 佔地面積 | | 合約時間╱ | 預期收入 | 截至本公告 | | 地塊 | 位置 | （平方米） | 擬定土地用途 | 預期合約時間 | 確認時間 | 日期的進度 | | 地塊1 | 蘭州 | 25,000 | 2025年至2027年預 | 2025年 | 2025年 | 潛在客戶正在進行 | | | | | 計總容量為50兆 | 第四季度 | 第四季度至 | 內部審批程序。 | | | | | 瓦的高性能數據 | | 2027年 | | | | | | 中心開發 | ...

Core Viewpoint - Guangdong-Hong Kong Bay Holdings has transformed from a property developer with a debt ratio of 99% to a digital ecosystem operator, achieving a net profit of RMB 970 million after acquiring AI computing power company Wisdom Knight Holdings for HKD 977 million [1][6]. Group 1: Acquisition Details - The acquisition of Wisdom Knight Holdings Limited marks a significant shift for Guangdong-Hong Kong Bay Holdings, which previously faced a debt crisis but has now pivoted towards the AI computing sector after a successful debt-to-equity swap of USD 440 million [1][4]. - Wisdom Knight Holdings is recognized as a leading operator in intelligent computing construction in China, being one of the earliest to establish A-level third-party data centers [2][4]. Group 2: Financial Performance - Wisdom Knight's revenue has shown rapid growth, with projections of RMB 50.9 million, RMB 61.6 million, and RMB 230 million for the years 2022 to 2024, respectively, and reaching RMB 174.4 million in Q1 2025 [4]. - Following the debt restructuring, Guangdong-Hong Kong Bay Holdings reduced its interest-bearing debt ratio from 45% to 7%, achieving a remarkable turnaround with a net profit of RMB 970 million in the first half of 2025 [4][6]. Group 3: Strategic Transformation - The acquisition is not merely a business addition but represents a profound restructuring of capital logic, transitioning from heavy asset costs to light asset technology assets [1][6]. - The integration of idle factories and land resources into high-performance computing centers signifies a strategic upgrade from being a "physical space builder" to a "digital ecosystem operator" [1][6]. Group 4: Market Position and Valuation - The AI computing sector is being likened to "new oil" in the digital economy, characterized by high barriers, high margins, and high repurchase rates, making it attractive to capital markets [6][7]. - The valuation of Guangdong-Hong Kong Bay Holdings is undergoing a fundamental transformation, with potential market value growth of 50% based on the projected earnings from the AI computing segment [7][8]. Group 5: Future Outlook - The merger is expected to create a dual-driven model of "industrial operation asset securitization + computing operation revenue," similar to the digital infrastructure REITs model in the U.S. [7][8]. - The long-term strategy aligns with the annual growth of 40% in AI computing demand and the digital transformation policies in the Guangdong-Hong Kong-Macao Greater Bay Area [7][8].

Core Insights - The article highlights the transformation of Guangdong-Hong Kong Bay Holdings from a traditional property developer to a digital ecosystem operator through the acquisition of Wisdom Knight Holdings Limited for HKD 9.77 billion [1] - The acquisition is seen as a strategic shift, moving from heavy asset reliance to a focus on high-performance AI computing centers, thus redefining the company's operational model [1][4] Financial Performance - Guangdong-Hong Kong Bay Holdings reported a net profit of RMB 970 million in the first half of 2025, following a significant reduction in its debt ratio from 45% to 7% after a USD 440 million debt-to-equity swap [4][6] - Wisdom Knight Holdings has shown rapid revenue growth, with projected revenues of RMB 50.9 million, RMB 61.6 million, and RMB 230 million from 2022 to 2024, and Q1 2025 revenue reaching RMB 174.4 million [4] Strategic Development - The acquisition allows Guangdong-Hong Kong Bay Holdings to leverage its land resources and transform idle properties into high-performance computing centers, creating an integrated service system of "computing power + energy + space" [4][5] - The partnership with Wisdom Knight enhances customer resource sharing, introducing high-value B-end clients, which diversifies revenue streams beyond traditional property sales and leasing [5] Market Positioning - The AI computing power sector is likened to "new oil" in the digital economy, characterized by high barriers to entry, high margins, and recurring revenue, making it attractive to investors [5][6] - Following the acquisition, the valuation of Guangdong-Hong Kong Bay Holdings is expected to undergo a fundamental restructuring, with potential market capitalization growth of 50% based on projected earnings [6] Long-term Outlook - The merger aligns with the growing demand for AI computing, projected to increase by 40% annually, and the digital transformation policies in the Guangdong-Hong Kong-Macao Greater Bay Area [6][8] - The company aims to establish a dual-driven model of "asset securitization + computing power operation revenue," potentially leading to a more stable and predictable profit generation [6][8]

粤港湾控股(01396)发布公告，于2025年10月23日，根据2025年7月14日订立的买卖协议，在特定授权下 配发及发行3.1亿股代价股份。 ...