HK Stock Market Move | Estun Automation (02715) surged nearly 6% in the afternoon as the acquisition of Estun Automation Kuozhu will enhance the company's industrial chain layout.

Estun Automation (02715) surged nearly 6% in the afternoon, and as of the time of reporting, it rose 5.17% to HKD 19.33, with a trading volume of HKD 166 million. In terms of news, Estun Automation recently announced plans to acquire Estun Automation Kuzhu, with a total transaction amount of 487 million yuan. Upon completion of this transaction, the company will indirectly hold 100% equity in Estun Automation Kuzhu and incorporate it into its consolidated financial statements. This acquisition target is highly synergistic with Estun Automation's main business and will help enhance the company's industrial chain layout. According to reports, Estun Automation Kuzhu focuses on the research, development, production, and sales of collaborative Siasun Robots & Automation, embodied intelligence Siasun Robots & Automation, and their core components, with main products including collaborative Siasun Robots & Automation and embodied intelligence Siasun Robots & Automation with a load capacity of 3 to 35 kilograms, as well as their core components. Since its establishment in 2022, Estun Automation Kuzhu has centered on embodied intelligence as its core technology, using intelligent Siasun Robots & Automation as its product platform. It has completed the R&D of two generations of humanoid Siasun Robots & Automation, 17 models of high-end collaborative Siasun Robots & Automation, four types of composite mobile Siasun Robots & Automation, and multiple Siasun Robot & Automation workstations for welding, stacking, and more.