Core Viewpoint - Baida International (02668) experienced a significant increase in stock price, opening over 11% higher and reaching a price of 0.44 HKD, with a trading volume of 1.9272 million HKD, following the announcement of a memorandum of understanding regarding a potential acquisition in Tanzania [1] Group 1 - The company announced a memorandum of understanding with the main shareholder of a target company established in the United Republic of Tanzania, concerning the potential purchase of part or all of the equity held by the potential seller [1] - The target company operates a gold processing plant and is involved in gold exploration and production projects in Tanzania [1] - The company confirmed that, except for one of the ultimate beneficial owners of the potential seller being the spouse of an independent non-executive director of the company, the target company, potential seller, and their ultimate beneficial owners are independent of the company and its related parties [1] Group 2 - The memorandum includes plans for the company to conduct further due diligence on the target company and its assets, as well as negotiations on the transaction terms [1] - A formal agreement is expected to be established within the three-month period of the memorandum [1]