The Zhitong Finance App learned that Quanfeng Holdings (02285) rose more than 3%. As of press release, it had risen 2.6% to HK$31.54, with a turnover of HK$33.6897 million.

According to the news, the Yamato Research Report pointed out that on October 5, Quanfeng Holdings announced that it will appoint 4 new executives for the North American business. These 4 have all worked at Chuangke Industrial (00669) /Milwaukee for more than 10 years. So far, Joe Galli, the former CEO of Chuangke Industrial, who has just joined Quanfeng Holdings, has recruited 8 key management personnel within a month. This round of recruitment focuses on sales capabilities in the western US states and strategic customers, and also covers the Canadian market. The bank expects Joe Galli's recruitment campaign to continue, and the focus in the next phase may shift to the European market. Yamato believes that Quanfeng Holdings will face a clear valuation reshaping in the next few months.

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