HK Stock Market Move | GUAN CHAO HLDGS (01872) rose by over 12% during trading, planning to acquire a 5.3% stake in Haute Energy. The company is currently working towards a Hong Kong stock exchange IPO.

GUAN CHAO HLDGS (01872) rose by more than 12% during trading, with an increase of 9.01% as of the time of writing, reaching HK$6.05, with a turnover of HK$385.72 million. On the news front, GUAN CHAO HLDGS announced plans to invest approximately 140 million yuan to subscribe for about 5.3% equity in Guangzhou Haote Energy Conservation and Environmental Protection Technology Co., Ltd. The board confirmed that the target company is a leading provider of energy management solutions in China, focusing on the data center sector. Public information shows that Haote Energy provides a full range of energy management solutions, covering consulting services, solution design, equipment selection and procurement, project integration and implementation, as well as system maintenance. Its services are widely used in various data centers, including AI computing data centers, edge data centers, intelligent industrial parks, smart factories, and multi-functional commercial complexes, meeting diverse needs across sectors and scenarios. Currently, Haote Energy is sprinting for a Hong Kong IPO, with its prospectus submitted to the Hong Kong Stock Exchange on November 2, 2025.