HK Stock Market Move | NOVAUTEK(00519) rose more than 6%, signed a memorandum of understanding with China Mobile to expand the Siasun Robot & Automation market.

NOVAUTEK (00519) rose by more than 6%, reaching 6.67% as of the time of writing, with a price of HK$0.32 and a trading volume of HK$1.6644 million. On the news front, on October 16th, NOVAUTEK announced that its subsidiary, Neural Technologies Limited (Neural Technologies), signed a memorandum of understanding with Hutchison Telecommunications Limited (Hutchison Telecommunications) on September 22, 2025. The two parties will discuss and explore cooperation opportunities in Hong Kong in the fields of education, humanoid robots, and retail related to mobile robot products and solutions, to jointly develop emerging markets such as smart education, retail, and humanoid robots. The announcement stated that this cooperation, if implemented, will fully leverage the core strengths of both parties, achieve synergies, and combine their technological advantages and market resources. As a business partner of Hutchison Telecommunications in Hong Kong, Neural Technologies will be responsible for the business expansion and project operation of its mobile robot solutions in the fields of education, humanoid robots, and retail in Hong Kong. As of the announcement date, Neural Technologies and Hutchison Telecommunications have not entered into any legally binding agreements for this cooperation, and further negotiations and formal agreements are needed.