HK Stock Market Move | XIANGXING INT(01732) rose more than 22% again, Westwell Technology made a partial tender offer focusing on commercial specialized vehicles and autonomous driving.

XIANGXING INT (01732) surged more than 22%, rising 18.52% to 0.32 Hong Kong dollars as of the time of writing, with a trading volume of 5.4943 million Hong Kong dollars. On the news front, XIANGXING INT announced that Xijun Holdings (Hong Kong) Limited intends to make a partial tender offer to acquire 3.712 billion shares of the company at a price of 0.21 Hong Kong dollars per share, representing 29% of the company's issued share capital. The offer price represents a discount of approximately 7.89% to the closing price of 0.228 Hong Kong dollars on the previous trading day. According to public information, Xijun Technology focuses on commercial vehicle autonomous driving. Xijun Holdings (Hong Kong) Limited is a subsidiary of Xijun Technology. Once the partial tender offer is completed, XIANGXING INT is expected to become the first stock in Hong Kong's commercial vehicle autonomous driving concept. Furthermore, Xijun Technology has already submitted an IPO guidance filing report to the Shanghai Securities Regulatory Bureau in April of this year, with plans to list on the A-share market.