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HKG:1236

6 stories mentioning HKG:1236

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Asia

Shenzhen LDRobot Partners With Minieye to Develop Physical AI Services

Shenzhen LDROBOT (HKG:1236) entered into a cooperation agreement with Minieye Technology (HKG:2431) to jointly develop physical AI and embodied intelligence technologies, according to a Thursday Hong Kong bourse filing.The companies plan to collaborate on physical AI foundation models, embodied robotics, autonomous driving technologies, and multimodal interaction systems, with a focus on developing cross-scenario AI solutions and expanding robotics applications.The partnership will also seek to commercialize physical AI products through pilot projects in cities including Shenzhen and Changsha, targeting industrial parks, smart communities, and logistics parks.

HKG:1236HKG:2431
Asia

Shenzhen LDROBOT IPO Stabilization Period Ends

Shenzhen LDROBOT's (HKG:1236) said the stabilization period for its initial public offering ended on June 5, according to a Tuesday filing with the Hong Kong bourse.The Chinese robotics company said its underwriters did not exercise their overallotment option.The company added that public shareholding following the IPO remained in compliance with Hong Kong listing requirements.

HKG:1236
Asia Markets

Hong Kong Stocks Little Changed as U.S.-Iran Talks Remain Deadlocked; LDROBOT Gains on Debut

Hong Kong stocks were broadly unchanged Monday as diplomatic tensions between the U.S. and Iran remained unresolved.The Hang Seng Index rose 13.13 points to end little changed at 26,406.84, while the Hang Seng China Enterprises Index barely moved in negative territory, slipping 4.87 points to finish at 8,884.20.U.S. President Donald Trump on Sunday rejected Iran's response to a U.S. proposal aimed at ending the conflict, calling Tehran's demands "totally unacceptable."Iran's proposal centered on ending the conflict, lifting sanctions, securing reparations, and gaining recognition of its control over the Strait.Meanwhile, Trump and Chinese President Xi Jinping are expected to discuss Iran, Taiwan, artificial intelligence, and nuclear weapons as the two sides consider extending a critical minerals agreement during their first face-to-face meeting in more than six months.Trump is expected to arrive in Beijing on Wednesday ahead of talks scheduled for Thursday and Friday.In corporate news, Shenzhen LDROBOT (HKG:1236) debuted in Hong Kong, closing nearly 128% higher at HK$60.00, compared with the offer price of HK$26.36.Sino Biopharmaceutical (HKG:1177) advanced over 4% after securing rights to supply GlaxoSmithKline's hepatitis B drug bepirovirsen in China.

Hang SengHKG:1177HKG:1236
Asia

Shenzhen LDROBOT Soars 103% in Hong Kong Trading Debut

Shenzhen LDROBOT's (HKG:1236) shares opened 102.9% above their initial public offering price in a stellar Hong Kong debut on Monday morning.The Chinese robotics company opened at HK$53.50 per share, well above the offer price of HK$26.36.

HKG:1236
Asia

Shenzhen LDROBOT Nets HK$807 Million Ahead of Hong Kong Debut

Shenzhen LDROBOT (HKG:1236) raised about HK$806.8 million in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$26.36 per H-share, below the maximum offer price of HK$30.00, according to a Friday after-market Hong Kong bourse filing.The Chinese robotics company offered 33.3 million H-shares in the global offering.The Hong Kong public offer was 6,707.66 times subscribed, with 3.3 million shares allocated, representing 10% of the total offering.The international offering was 9.54 times subscribed, with 30 million shares allocated, accounting for 90% of the total offering.Cornerstone investor KCH Vision Investment was allocated about 10.5 million shares, according to the filing.Shenzhen LDROBOT is scheduled to begin trading in Hong Kong on Monday, May 11.

HKG:1236
Asia

Shenzhen LDROBOT Seeks Up to HK$1 Billion in Hong Kong IPO

Shenzhen LDROBOT (HKG:1236) launched its Hong Kong initial public offering on Thursday, seeking to raise up to about HK$1 billion from the deal.The China-based robotics company is offering 33.3 million shares at an indicative price range of HK$24.00 to HK$30.00 per share, according to a Hong Kong bourse filing.The offering comprises 3.3 million shares for Hong Kong investors and 30.0 million shares for international investors, subject to adjustment and the overallotment option.The offer price is expected to be determined by May 7, with allocation results due by May 8, ahead of the company's planned trading debut on May 11.Net proceeds will be used mainly to enhance research and development of intelligent robotic vision and AI-driven technologies, as well as support new product development.The funds will also be used to expand production capacity and upgrade manufacturing capabilities, strengthen international expansion and brand building, and for working capital and general corporate purposes.Haitong International Capital and Guotai Junan Capital are acting as joint sponsors.Haitong International Securities and Guotai Junan Securities (Hong Kong) are serving as overall coordinators and are also acting as joint bookrunners and joint lead managers, alongside China International Capital Corporation Hong Kong Securities, and SDIC Securities (Hong Kong).Futu Securities International (Hong Kong), Orient Securities (Hong Kong), CMBC Securities, and Yuet Sheung International Securities are acting as joint bookrunners and joint lead managers.

HKG:1236