HK-listed Direct Drive Tech climbs on Everybot tie-up
04/11/2026 04:01
BUZZ-HK-listed Direct Drive Tech climbs on Everybot tie-up ** Shares of robotics technology company Direct Drive Tech 6731.HK climb 3.2% to HK$41.6, their highest level since October 28
** Direct-drive actuator modules, robotic joints and robot bodies maker signs a three-year strategic cooperation agreement with Everybot Inc 270660.KQ
** The parties will cooperate in areas including marketing, joint research and development, distribution authorization, and Direct Drive authorizes Everybot to act as its distributor in the Korean market
** Since its debut on September 29, stock up 89% from HK$21.60 apiece offer price
** YTD, Hang Seng TECH Index .HSTECH down 30.8%
(Reporting by Donny Kwok)