The Hong Kong Oriental Red Group recently announced plans to spin off its technology and artificial intelligence (AI) business segments and establish an independent subsidiary, the Hong Kong Oriental Red Technology Company. This business restructuring aims to further optimize the group's business structure, enhance the professional operation capabilities of the technology sector, and strengthen market competitiveness. The newly established Hong Kong Oriental Red Technology Company will focus on technology, AI, edge computing, data analysis, and cloud computing leasing services.
Business Spin-off and Independent Operation
The Hong Kong Oriental Red Group stated that by spinning off the technology and AI business segments, the group can more effectively concentrate resources and management efforts to drive the rapid development of these business segments. The new company will focus on cutting-edge technology fields and be dedicated to enhancing its global market influence and competitiveness through technological innovation and market expansion.
NASDAQ Listing Plan
The Hong Kong Oriental Red Technology Company plans to initiate a NASDAQ listing plan within the next two years to further enhance the company's international reputation and market influence. Through listing, the company will be able to raise more funds for technology research and development and market expansion, accelerating its global business layout.
Strategic Significance and Future Outlook
This business restructuring and independent operation is not only an important strategic move by the Oriental Red Group in the technology sector but also a key step in the development of the group's technology and AI businesses. By establishing an independent technology company, the group can focus more on enhancing the core competitiveness of the technology sector and provide customers with more professional and efficient technical services.
Views of the Chairman of the Hong Kong Oriental Red Group
The Chairman of the Oriental Red Group said, "We are looking forward to the establishment of the Hong Kong Oriental Red Technology Company. This move will help us better focus on the technology and AI fields, enhance our global competitiveness through technological innovation and market expansion. We plan to initiate a NASDAQ listing within two years, leveraging the power of the capital market to accelerate the company's development pace."
Vision of the Hong Kong Oriental Red Technology Company
The newly established Hong Kong Oriental Red Technology Company will strive to become a leading global technology company, focusing on edge computing, data analysis, artificial intelligence, and cloud computing leasing services. The company will enhance its influence and competitiveness in the global technology market through continuous technological innovation and market expansion. In the future, the company plans to cooperate with more internationally renowned technology companies and research institutions to jointly promote technological progress and industry development.
Conclusion
The business restructuring and establishment of the Hong Kong Oriental Red Technology Company by the Hong Kong Oriental Red Group represent a significant step in the technology and AI fields. Through independent operation and the listing plan, the company will further enhance its competitiveness in the global technology market and provide customers with more professional and efficient technical services. In the future, the Hong Kong Oriental Red Technology Company will continue to be committed to technological innovation and market expansion, driving technological progress and industry development.
