HK Stock Market Move | ZCZL Industrial Technology Group (00564) up more than 3%, subsidiary plans to subscribe for 94.83% share of Fengyuan venture capital to further expand industrial intelligent business.

ZCZL Industrial Technology Group (00564) rose more than 3%, as of the time of writing, it rose 3.02% to HK$18.75, with a turnover of HK$ 32.66 million. In terms of news, recently, ZCZL Industrial Technology Group announced that, in order to implement the company's long-term development strategy, promote the development of industrial intelligence business, empower the leap of traditional manufacturing towards new quality production forces, the company's wholly-owned subsidiary ZCZL Industrial Technology Group plans to invest RMB 36.6741 million with its own funds as a limited partner, subscribing to the partnership interests of Fengyuan Venture Capital. Fengyuan Venture Capital's total subscribed capital is RMB 386.741 million, with ZCZL Industrial Technology Group investing 94.83% of the subscribed capital. Fengyuan Venture Capital plans to make a targeted investment in Zhejiang Jinmaiti Group Co., Ltd. through equity acquisition. After this investment is completed, the company and Jinmaiti Group will deepen cooperation in the field of industrial automation and smart manufacturing, further expanding the boundaries and application scenarios of the company's industrial intelligence sector, and perfecting the industrial intelligence ecosystem. At the same time, they will jointly promote the intelligent digital transformation of the company's automotive parts sector factories, utilize Jinmaiti Group's mature experience in line planning and delivery, empower the upgrade of the main business, improve production efficiency and product quality. Through the deep integration of capital and industry, they will build an ecological barrier, strengthen the company's layout in the high-end intelligent manufacturing industrial chain, jointly seize the opportunities for the transformation and upgrading of the manufacturing industry, and help the company achieve high-quality and sustainable development.