-- Silkwave (HKG:0471) entered into a memorandum of understanding with SolsticeX to explore cooperation in the aerospace and satellite sectors, according to a Thursday Hong Kong bourse filing.
Shares of the media and transmission business were up over 37% in Friday morning trade.
The parties will assess opportunities in satellite communications, aerospace technology, market development, and financing, with 90 days of exclusive discussions.
SolsticeX operates in multimedia broadcasting, satellite, and wireless transmission, with a focus on ASEAN markets.