WUXI LEAD Shareholder Transfers Holdings from Merrill Lynch to HSBC Valued at HK$456 Million

Stock News09:58

On February 13, a shareholder of WUXI LEAD (00470) transferred shares from Merrill Lynch Far East Limited to The Hongkong and Shanghai Banking Corporation Limited, with the transferred holdings valued at HK$456 million, representing 9.67% of the company's issued shares. According to its prospectus, WUXI LEAD's intelligent equipment is integrated with industrial control software, capable of streamlining various production processes. This assists clients in transitioning towards highly automated, unmanned factories, thereby reducing labor costs, improving production efficiency, and advancing their green initiatives. Data from Frost & Sullivan indicates that, based on 2024 revenue, global lithium battery intelligent equipment accounts for approximately 13.5% of the worldwide new energy intelligent equipment market.

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