HKG:2121

2 stories mentioning HKG:2121Updated 22d ago

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Ainnovation Technology to Reduce Stake in Industrial Automation Wing; Shares Surge 11%

Ainnovation Technology (HKG:2121) agreed to sell 21.4 million shares, or 33.5% stake, in AInnovation EHigher (Shanghai) Intelligence Technology, according to a Thursday Hong Kong bourse filing.Shares of the artificial intelligence company were up nearly 11% in Friday afternoon trading.Buyer Shanghai Lansu Commercial Management will acquire the equity interest for 20.1 million yuan.Following completion, the company's shareholding in the target will decrease to 17.5% from 51%,The target engages in the provision of integrated solutions for intelligent industrial automation systems.

HKG:2121

Asia50d ago

Ainnovation Technology Plans HK$100 Million Share Buyback

Ainnovation Technology (HKG:2121) is planning to buy back HK$100 million of the AI company's shares from the open market, according to a Friday Hong Kong bourse filing.The shares, which will be repurchased from time to time, will be cancelled or held as treasury shares.

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