Shoucheng hits over 1-1/2-year peak on investing in China's robot firm

Shoucheng Holdings

24/02/2025 02:13

** Shares of Shoucheng Holdings  0697.HK , which manages
private funds and operates car parking asset, jump 10.1% to
HK$1.97, their highest since July 2023, and on course for third
consecutive session of gains
    ** Shoucheng says on Monday its indirectly managed Beijing
Robot Industry Development Investment Fund has invested in X
Square Robot Technology (Jinan) which focuses on R&D of embodied
generalist model for application of general-purpose robots
    ** Company says it will continue to increase its investment
in the robot industry 
    ** The Hang Seng Composite Index on information technology
firms  .HSCIIT  and the Hang Seng Tech Index  .HSTECH  slip 0.5%
and 0.1% respectively, while Hang Seng Index  .HSI  adds 0.4%
    ** Stock up 76.9% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))