Shares of Zhida Technology (HKEX: 02650) experienced a significant surge, rising more than 27% in the afternoon session. At the time of writing, the stock was up 18.65% to HK$19.53, with a turnover of HK$279 million.
The movement follows the announcement that the company has entered into a three-year strategic letter of intent with BRETON (HKEX: 01333). The agreement outlines a long-term strategic collaboration focused on new energy engineering equipment and intelligent charging infrastructure.
Under the terms of the deal, BRETON has expressed its intent to purchase a cumulative total of no fewer than 5,000 high-power charging piles or charging robot devices from Zhida Technology. In a reciprocal arrangement, Zhida Technology has indicated its intention to purchase, either directly or through recommending third parties, a minimum of 500 electric mining trucks from BRETON.
Furthermore, the two companies have agreed to grant each other non-exclusive agency rights in overseas markets, including Indonesia, Australia, and Latin America. They also plan to jointly invest in the construction of shared overseas service and after-sales centers.
Additionally, the parties have expressed a forward-looking intention to establish a joint venture to manage business operations in specific regions, subject to the appropriate conditions being met.
Comments