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HKG:2431

3 stories mentioning HKG:2431

Every FINWIRES story that references HKG:2431, newest first.

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.

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Asia

Minieye Technology to Acquire 50% Stake in Xi'an Tongtu Technology in 25 Million Yuan Deal

Minieye Technology (HKG:2431) agreed to acquire a 50% stake in Xi'an Tongtu Technology in a cash plus equity deal valued at 25 million yuan, according to a Friday filing with the Hong Kong bourse.The firm said it will settle payment to ZTO Express by issuing 20 million yuan worth of shares at HK$9.81 each and 5 million yuan in cash.The 2.3 million H shares to be granted under the deal represent 0.57% of the company's issued share capital and 0.56% as enlarged by the sale.Xi'an Tongtu Technology operates in the unmanned vehicle operations business and the acquisition offers an opportunity for Minieye to integrate the target's technology for its own driverless vehicle efforts, the firm said.Xi'an Tongtu Technology will serve as a subsidiary of Minieye following the purchase.Minieye shares were up nearly 5% in late morning trade Monday.

HKG:2431
Asia

Minieye Technology Signs 200 Driverless Logistics Vehicles Deal With Jiangsu Firm

Minieye Technology (HKG:2431) signed a long-term cooperation and procurement agreement for 200 driverless logistics vehicles with Jiangsu Province Danyang High-tech Zone Industrial Development, according to a Tuesday Hong Kong bourse filing.Shares of the intelligent driving software developer were down over 1% in Wednesday morning trade.The agreement covers the deployment of the company's second-generation map-free driverless logistics vehicles for urban distribution and last-mile delivery, including fresh produce, food, pharmaceutical, and supermarket logistics, the filing said.

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