707 Cayman Holdings Limited (NASDAQ:JEM) shares surged 27.26% to $4.08, following the company’s announcement of a new digital supply-chain platform initiative.
Board Greenlights AI, Blockchain Exploration
The Hong Kong-based apparel supply-chain firm said its board approved exploring a platform integrating artificial intelligence, blockchain traceability and crypto payment technology. According to the company’s Wednesday press release, no capital expenditure has been committed yet.
Commenting on the decision, CEO Lui Cheung said customers in Europe and North America are demanding greater transparency and faster cycles, and the platform would help 707 “digitalise” operations if implemented.
Investment Roadmap Details Three-Year Rollout
