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HKG:2650

3 stories mentioning HKG:2650Updated 12m ago

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Asia

Zhida Technology Eyes HK$205.8 Million from Share Placement; Shares Down 9%

Shanghai Zhida Technology Development (HKG:2650) is looking to raise net proceeds of HK$205.8 million from the placement of up to 19.1 million shares, according to a Tuesday Hong Kong bourse filing.The shares, which will be placed to at least six investors at HK$10.98 apiece, represent 6.01% of the electric-vehicle charging systems maker's enlarged issued share capital.The company will use proceeds for product R&D, expansion of application scenarios and channels, the development of overseas markets for its products, and general working capital.Shares of the company were down 9% in recent trade.

HKG:2650
Asia

Zhida Technology to Partner With Breton Technology on Overseas Expansion

Shanghai Zhida Technology Development (HKG:2650) is partnering with Breton Technology (HKG:1333) to sell each other's products and services in overseas markets, according to a Wednesday filing with the Hong Kong bourse.Under the letter of intent, Breton Technology plans to acquire at least 5,000 units of high-power charger or charging robot equipment from the company in exchange for at least 500 units of its electric mining trucks.The parties also plan to establish an overseas shared service and after-sales center.Zhida Technology shares gained nearly 1% in late morning trade Thursday, while Breton fell 6%.

HKG:1333HKG:2650
Asia

Shanghai Zhida Technology to Join FTSE Total-Cap Index in June; Shares Gain 3%

Shanghai Zhida Technology Development's (HKG:2650) shares will be added to the FTSE Global Equity Index Series following the latest quarterly review, according to a Tuesday Hong Kong bourse filing.Shares of the EV charging systems maker were up nearly 3% in Wednesday afternoon trade.The company said its shares will be included in the FTSE Global Equity Index Series Micro Cap and FTSE Total-Cap Index.The index changes will take effect after the market closes on June 19.

HKG:2650

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