China's Shoucheng jumps on investing in home-cleaning robots developer

Shoucheng Holdings

14/04/2025 03:10

** Shares of Shoucheng Holdings 0697.HK jump 10.6% to HK$1.56, on course for biggest one-day pct gain since February 21

** Stock hits the highest since March 28 and on track for fifth straight session of gains

** Infrastructure asset management group says its indirectly managed Beijing Robot Industry Development Investment Fund has invested in Yunjing Intelligent Innovation (Shenzhen), which develops high-performance intelligent home-cleaning robots

** Company says it will expand its strategic investments in the robotics industry

** Hang Seng Composite Index tracking financials stocks .HSCIF rises 2.1%, Hang Seng Index .HSI climbs 1.5%

** Stock up 46.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))