HKG:2715

5 stories mentioning HKG:2715Updated 4d ago

Every FINWIRES story that references HKG:2715, newest first.

Hong Kong Stocks Edge Higher; Cathay Pacific Climbs on Profit Surge

Hong Kong stocks edged higher Wednesday as easing oil prices and optimism over continued artificial intelligence spending supported sentiment.The Hang Seng Index marginally rose 62.90 points, or 0.2%, to close at 25,915.82, while the Hang Seng China Enterprises Index gained 29.47 points, or 0.3%, to finish at 8,603.73.Technology shares found support after strong U.S. corporate earnings reinforced confidence in continued investment in artificial intelligence infrastructure.Oil prices extended their decline on hopes of progress toward reopening the Strait of Hormuz after Qatar said mediators were making headway in efforts to end the U.S.-Iran conflict.In corporate news, Cathay Pacific Airways (HKG:0293) closed nearly 3% higher after posting a 71% jump in first-half attributable profit.Meanwhile, Estun Automation (HKG:2715, SHE:002747) gained over 4% after saying its units, Estun Robot and Dingtong Electromechanical, will acquire collaborative robot developer Estun Codroid for 487.1 million yuan.

Hang SengHKG:0293HKG:2715SHE:002747

Asia5d ago

Estun Automation to Acquire Estun Codroid in 487 Million Yuan Deal; Shares Rise 4%

Estun Automation (HKG:2715), through units Estun Robot and Dingtong Electromechanical, will acquire collaborative robot developer Estun Codroid for 487.1 million yuan, according to a Tuesday Hong Kong bourse filing.The acquisition comprises an 83.26% equity interest in Estun Codroid for 405.6 million yuan and the remaining 16.74% stake through the purchase of partnership interests for 81.5 million yuan.The consideration will be funded with unutilized proceeds from the company's global offering and internal resources.Upon completion, Estun Codroid will become an indirect wholly owned subsidiary of Estun Automation.The company said the acquisition will expand its robotics portfolio by adding collaborative and embodied-intelligence robots.Shares of Estun Automation were up over 4% in Wednesday morning trade.

HKG:2715

Asia26d ago

Estun Automation Expects Profit to Surge More Than 20-Fold in H1

Estun Automation (HKG:2715) expects attributable net profit of 150 million yuan to 180 million yuan for the six months ended June 30, up 2,145% to 2,594% from 6.7 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The company attributed the expected growth to an improved product mix, higher gross margins, and lower expense ratios through cost controls and efficiency measures.

HKG:2715

Asia38d ago

Estun Automation Mulls Buyout of Robot Maker

Estun Automation (HKG:2715, SHE:002747) said it was considering taking full control of Nanjing Estun Codroid Technology by buying out other shareholders, according to a Thursday filing with the Hong Kong bourse.The firm said it could enter an all-cash deal to raise its stake in Codroid Technology from 13.95% to 100%.A portion of Codroid Technology, a robot maker, is also owned by Estun's controlling shareholder Nanjing Primest.The buyout will help deepen Estun's robotics business and streamline Codroid Technology's ownership structure.

HKG:2715SHE:002747

Asia101d ago

Estun Automation Sees Sharp Rise in Q1 Profit

Estun Automation's (HKG:2715, SHE:002747) first quarter profit jumped sharply year on year to 97.8 million yuan from 12.6 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The industrial robotics maker's Hong Kong shares gained nearly 4% in afternoon trade Thursday.Earnings per share were 0.1128 yuan, compared with 0.0146 yuan in the prior year period.Operating revenue fell over 2% year on year to 1.22 billion yuan, figures showed.

HKG:2715SHE:002747

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