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China Best Group Holding Limited ( (HK:0370) ) has issued an announcement.
Hong Kong Robotics Group Holding Limited has signed a strategic partnership agreement with Hong Kong-based NVTHK Limited to jointly develop and implement a financing business model for real-world assets in the robotics sector. NVTHK will provide strategic, technical and operational advisory services on blockchain initiatives, including tokenization frameworks and distributed ledger infrastructure, to support this effort.
The collaboration is intended to build a comprehensive robotics real-world asset platform that offers tokenization services for robotics assets owned by the group, its customers and other third parties. Acting as business developer and initiator, Hong Kong Robotics Group will focus on sourcing robotics assets, attracting clients and ensuring project security, with management stating that the initiative is in the interests of shareholders, though detailed terms remain subject to definitive agreements.
The most recent analyst rating on (HK:0370) stock is a Hold with a HK$0.66 price target. To see the full list of analyst forecasts on China Best Group Holding Limited stock, see the HK:0370 Stock Forecast page.
More about China Best Group Holding Limited
Hong Kong Robotics Group Holding Limited is a Bermuda-incorporated company listed in Hong Kong that focuses on the robotics sector. The group is expanding into financing models for real-world robotics assets, aiming to serve both its own portfolio and the assets of customers and other third parties in this niche market.
Average Trading Volume: 15,677,567
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.34B
Learn more about 0370 stock on TipRanks’ Stock Analysis page.