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HKG:2431

6 stories mentioning HKG:2431Updated 7d ago

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

Asia

Minieye Technology Seeks HK$122 Million via H-Share Placement; Shares Down 14%

Minieye Technology (HKG:2431) expects to raise about HK$122.3 million in net proceeds through a placement of new H-shares, according to a Wednesday Hong Kong bourse filing.The company will place up to 20.1 million new H shares at HK$6.23 each, a 15% discount to the last closing price of HK$7.33.The shares represent about 4.85% of its existing issued share capital.Net proceeds will be used mainly to expand the company's driverless vehicle and Physical AI businesses, and to upgrade its foundational research and development platform.Shares of the firm were down over 14% in recent trade.

HKG:2431
Asia

Minieye Technology Signs Driverless Logistics Deal With DiDi Delivery

Minieye Technology (HKG:2431) signed a cooperation agreement with DiDi Delivery to jointly commercialize and expand driverless logistics services, according to a Monday filing with the Hong Kong bourse.The companies will combine DiDi Delivery's intracity freight platform with Minieye's L4 autonomous driving technology and mass-produced driverless logistics vehicles to accelerate the rollout of last-mile driverless delivery.The partnership will initially provide integrated driverless delivery services to commercial customers in Foshan, with plans to expand to other cities over time.Shares of the firm were down nearly 1% in Tuesday afternoon trade.

HKG:2431
Asia

Minieye Technology Wins Procurement Contract For Driverless Vehicles

Minieye Technology (HKG:2431) said it would supply 1,000 driverless logistics vehicles under a cooperation agreement with an enterprise located in Wuxi City, according to a Tuesday filing with the Hong Kong bourse.The procurement contract will help further expand the company's market share in driverless vehicles and supporting solutions, Minieye said.

HKG:2431
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

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.

HKG:2431

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