Stocks in Hong Kong surged, with China Overseas Grand Oceans Group (00264.HK) rising more than 60%, acquiring a 20% stake in RWA platform NVTSH Limited for 100 million Hong Kong dollars.

According to Wise News Finance APP, China United Development Holdings (00264.HK) surged more than 60%, as of the time of writing, up 61.16% to 1.95 Hong Kong dollars, with a trading volume of 9.5866 million Hong Kong dollars.