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Minieye Technology Co., Ltd. Class H ( (HK:2431) ) just unveiled an announcement.
Minieye Technology announced that Horizon Together Holding Ltd., a cornerstone investor wholly owned by Hong Kong-listed Horizon Robotics, has acquired an additional 688,200 H shares of the company on the open market. The increased stake reflects Horizon Robotics’ long-standing collaboration with Minieye in intelligent driver assistance and L4 driverless logistics vehicle solutions, and signals strong confidence in Minieye’s business prospects and its strategic value within Horizon’s ecosystem, although the board cautioned shareholders and potential investors to exercise care when trading the company’s securities.
More about Minieye Technology Co., Ltd. Class H
Minieye Technology Co., Ltd. is a China-based company specializing in intelligent driver assistance and autonomous driving solutions. Working closely with Horizon Robotics, it develops driver assistance domain controller products based on Horizon’s Journey series processing hardware, which have already been mass-produced and deployed in vehicles for multiple leading domestic and international passenger and commercial vehicle manufacturers, with a growing focus on L4 driverless logistics vehicle applications.
Average Trading Volume: 5,379,399
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$5.47B
Learn more about 2431 stock on TipRanks’ Stock Analysis page.