HK Stock Market Move | Estun Automation (02715) rises over 5% on acquisition of 19.4574% equity in Estun Automation Jiangsu Intelligent for approximately RMB211 million.

Estun Automation (02715) rose over 5%, up 4.94% as of press time at HK$13.38, with turnover of HK$12.3845 million. On the news front, Estun Automation announced that on October 27, 2026 (after trading hours), the company signed a "Property Rights Transaction Contract" with Seller A for the acquisition of a 19.4574% equity interest in Estun Automation Jiangsu Intelligent for a consideration of approximately RMB211 million. Upon completion of Acquisition A, the company will hold a 69.608% equity interest in the target company, which will remain a subsidiary of the company, and its financial results will continue to be consolidated into the group's financial statements. Estun Automation Jiangsu Intelligent is primarily engaged in the automation, digitalization, and intelligent upgrading of production lines, providing intelligent manufacturing solutions for markets such as lithium batteries, energy storage, new energy vehicles, and sheet metal. It establishes industry technical benchmarks for the company's automation core components and Siasun Robot&Automation products across various market segments, enabling large-scale scenario applications. To date, it has delivered over 100 intelligent production lines, continuously empowering the development of the intelligent manufacturing industry.