Hatcher Group Limited announced a voluntary agreement on 4 June 2026 to acquire 51% of Hong Kong Cross-Border Aviation Technology Co., Limited from Hintech Robotics Limited for a token consideration of HK$1. The target company focuses on low-altitude economy (LAE) and e-commerce activities and maintains an industry-academia partnership with the Research & Development Institute of Northwestern Polytechnical University in Shenzhen to access drone-related technologies.
Following completion, Hatcher Group will act as majority shareholder and is obliged to support the target with fund-raising initiatives and back-office services, including accounting, corporate secretarial and corporate finance functions. The vendor has undertaken to help establish a drone technology research centre, locate a suitable site in Hong Kong for a drone manufacturing plant, and obtain the permits required for cross-border drone operations in the Greater Bay Area from regulators such as the CAAC and Hong Kong’s CAD.
Management highlighted the strategic rationale: LAE covers commercial activities in airspace below 1,000 metres and spans applications from emergency rescue to parcel delivery. A global investment bank projects the LAE market will expand to US$9.00 trillion (about HK$70.00 trillion) by 2050. With Hong Kong’s government forming an LAE working group in 2024 and launching the Low-altitude Economy Regulatory Sandbox in early 2025, the board views the acquisition as a means to diversify the group’s revenue base.
Hatcher Group stated it will release further updates in line with GEM Listing Rules and reminded shareholders and potential investors to exercise caution when dealing in its shares.
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