Hesai-W (02525) shares plummeted 5.72% in early trading on Thursday, as investors reacted negatively to the company's latest business development.
The sharp decline followed Hesai Group's announcement that it has signed a Supply of Products Framework Agreement with Sharpa for LiDAR and robotics products. Market participants expressed concerns about this connected-party transaction, which typically raises questions about pricing fairness, potential conflicts of interest, and whether such deals represent optimal value for shareholders.
While the specific terms of the agreement were not disclosed in the initial announcement, the market's immediate reaction suggests investors are wary of related-party transactions that could potentially disadvantage minority shareholders or indicate less transparent business practices.
Comments