HK Stock Market Move | Estun Automation (02715) rose over 3% during intraday trading, plans to acquire approximately 44.8601% of Estun Automation Jiangsu Intelligent shares.

Estun Automation (02715) rose over 3% during intraday trading, up 3.23% as of press time, at HK$15.04, with a turnover of HK$42.0616 million. On the news front, Estun Automation announced that on September 23, 2026, the board resolved to acquire approximately 19.4574% and 3.7834% equity interests in the target company Estun Automation Jiangsu Intelligent held by the National Manufacturing Fund and the Mixed Reform Fund respectively through public tender; and to acquire approximately 21.6193% equity interest in the target company held by the General Technology High-end Equipment Fund. The reserve prices for Sale Equity A and Sale Equity B are RMB 210.6 million and RMB 40.25 million respectively. The potential public tender acquisition is still subject to public listing trading procedures. As of the date of this announcement, the Company has not entered into any formal agreement in respect of the proposed acquisition. As of the date of this announcement, the target company is a subsidiary of the Company, in which the Company holds approximately 50.1506% equity interest. If the proposed acquisition is implemented, upon completion, the Company will hold approximately 95.0107% equity interest in the target company. Estun Automation Jiangsu Intelligent is mainly engaged in the automation, digitalization, and intelligent transformation of production lines, providing intelligent manufacturing solutions for markets such as lithium batteries, energy storage, new energy vehicles, and sheet metal. It builds industry technical benchmarks for the Company's automation core components and Siasun Robot&Automation products in various market segments, achieving large-scale scenario applications. To date, it has cumulatively delivered over a hundred intelligent production lines, continuously empowering the development of the intelligent manufacturing industry.