Movement Alert｜SERES Rises 3.7% in Regular Trading, Subsidiary Landian Technology Receives 6.671 Billion Yuan Capital Injection from CATL and Others

Market Focus05-26

On May 26, SERES (09927.HK) rose 3.7% in regular trading, trading at HKD 72.65, with a trading volume of approximately HKD 77.56 million.

On the news front, the stock was buoyed by the announcement that its subsidiary Chongqing Landian Technology received a capital injection of approximately 6.671 billion yuan. The investors include Wending Investment (a wholly-owned subsidiary of CATL), Bojun Technology, and Xingyu Stock. Of the total, Shaci Zhiyuan committed 3.433 billion yuan, Yuexing Jiasheng committed 1.639 billion yuan, Wending Investment committed 984 million yuan, Bojun Technology committed 512 million yuan, and Xingyu Stock committed 102 million yuan.

Following the completion of this capital increase, SERES will relinquish control over Landian Technology, and its financial accounting method will shift from cost to equity, which is expected to generate certain investment income. The participation of CATL and multiple listed companies signals market confidence in the Landian brand's development prospects and its potential to establish a differentiated smart EV platform leveraging battery-swap technology.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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