China's Robotphoenix jumps on CAS tie-up in space manufacturing
BUZZ-China's Robotphoenix jumps on CAS tie-up in space manufacturing ** Shares of Robotphoenix Intelligent Technology 6871.HK jump as much as 16.2% to HK$35, their highest since September 18
** Stock of China-based industrial robots manufacturer last up 3.3%, on track for biggest one-day pct gain since September 18
** Co says it enters into cooperation agreement with Chinese commercial aerospace enterprise CAS Space Technology to explore opportunities in scientific research, industrial ecosystem development in space manufacturing and commercial aerospace intelligent manufacturing
** The companies intend to conduct joint research on key common technologies in space manufacturing, cooperate in industry ecosystem development, and strengthen supply chain collaboration in intelligent manufacturing - co
** Since debut on May 18, stock up 3% from the HK$30.50 apiece offer price
** YTD, Hang Seng TECH Index .HSTECH down 22%
(Reporting by Donny Kwok)