HK Stock Movement | JIANGSU HORIZON (02625) Rises Nearly 7% Intraday as Company Plans to Acquire Over 51% Stake in Haike Horizon to Boost Robotics Expansion

Stock News11-19

JIANGSU HORIZON (02625) surged nearly 7% intraday, with gains of 4.81% at the time of writing, trading at HK$6.32 and a turnover of HK$3.9497 million. The company announced after the market closed on the 11th that it would place up to 21.4246 million new shares, representing 9.09% of the enlarged share capital, at HK$2.9 per share—a 13.95% discount to the closing price on November 11. The net proceeds of HK$58.65 million will be fully allocated to capital injection into Haike Horizon. On the 17th, the company issued a supplementary announcement further clarifying the specific use of funds and strategic intent.

So far this year, JIANGSU HORIZON has invested RMB 25 million in Haike Horizon, holding an 18% stake. The additional capital aims to accelerate the intelligent and unmanned transformation of its retail business while supporting Haike Horizon's R&D and commercialization of innovative products, including coffee robots, restaurant robots, unmanned supermarket robots, and humanoid robot promoters. The company's goal is to eventually secure a controlling stake of over 51% in Haike Horizon through this and potential follow-up investments, consolidating it into its financial statements.

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