HK Stock Market Move | Shenzhen Zhaowei Machinery & Electronics (02692) rose more than 7%, planning to invest approximately 800 million yuan to build a dexterous hand industry park, increasing its investment in the Siasun Robot & Automation sector layout.

Shenzhen Zhaowei Machinery & Electronics (02692) surged more than 7%, with a gain of 7.15% as of the time of writing, reaching HK$69.65 with a trading volume of HK$6.3087 million. In terms of news, on the evening of April 9th, Shenzhen Zhaowei Machinery & Electronics announced that the board of directors had approved a proposal to participate in the bidding for the state-owned land use rights in Bao'an District, Shenzhen, and to invest approximately 800 million yuan in the construction of the Dexterity Hand and Micro-Drive System Industrial Park project, further enhancing the layout of the Siasun Robot & Automation sector, optimizing production capacity distribution, and improving the company's industry position and market share in the field of micro-drive and dexterity hand. According to the announcement, the A317-0592 land to be bid for is located in the Xinqiao Street, Bao'an District, Shenzhen, with a land area of approximately 18,800 square meters and a listed starting price of 40.91 million yuan. After obtaining the land use rights, the company will invest in the construction of the Bao'an Dexterity Hand and Micro-Drive System Industrial Park project, with a planned total investment of approximately 800 million yuan, funded by the company's own funds or self-raised funds. The project has a relatively long construction period and will not have a significant impact on the company's financial and operating conditions in the short term, and will not harm the interests of shareholders.