Shares of Singapore’s technology firm DMX Technologies (DMXT.SI) surged as much as 9.2% on Tuesday after it said it will launch a new mobile enterprise platform aimed at targeting the US$4.1 billion ($5.1 billion) Chinese market, traders said.
At 10:28 a.m., shares of DMX Technologies were 6.2% higher at $0.345 with over 6.2 million shares changing hands.
At 10:28 a.m., shares of DMX Technologies were 6.2% higher at $0.345 with over 6.2 million shares changing hands.
DMX’s new platform will offer a range of cloud computing-based mobile applications to businesses in China and will allow the firm to generate recurring income streams, it said.
“This is a new leg of growth for DMX, and if executed well, could represent huge growth opportunities for the company in China,” said a local trader.
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