Triple consecutive rise: Suzhou MedicalSystem Technology (603990.SH) has successfully established a joint venture with UBTECH ROBOTICS called Suzhou Yumai. The project currently has a relatively small investment.

date
10/01/2025
avatar
GMT Eight
Suzhou Medical System Technology (603990.SH) announced that the company's stock experienced a cumulative increase in closing price deviation exceeding 20% for three consecutive trading days on January 7th, 8th, and 9th, 2025. On January 10th, 2025, the company's stock hit the trading limit again. The stock price has fluctuated significantly since January 7th, 2025, with a total increase of 37.35%. The recent turnover rates for the past three trading days were 1.38%, 1.02%, and 9.49%, respectively. The company advises investors to make rational decisions and be aware of investment risks. The company has noticed the recent high market attention towards Siasun Robot & Automation concept. On September 12, 2024, the company jointly established Suzhou Eumax Siasun Robot & Automation Co., Ltd. with Shenzhen UBTECH ROBOTICS Technology Co., Ltd. (referred to as "UBTECH ROBOTICS"), with a registered capital of 20 million yuan and the company holding a 51% stake. On December 30, 2024, the company held the fifth interim shareholder meeting to approve the proposal for using part of the remaining funds from the fundraising projects for new projects, including the "Innovation Product Research Center Project" for smart medical service Siasun Robot & Automation applications. As of now, Suzhou Eumax has been established with minimal investment in the project, and there is uncertainty in the future progress.

Contact: contact@gmteight.com