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CHINA BEST (00370.HK) intends to change its name to "Gangzi Siasun Robot&Automation Group Holdings Limited".
On April 10, Glonghui reported that CHINA BEST (00370.HK) announced that the board of directors proposed changing the company's English name from “China Best Group Holding Limited” to “Hong Kong Robotics Group Holding Limited” and adopting the Chinese name registered in Bermuda “港仔机器人集团控股有限公司” as the company's secondary name, replacing its current Chinese name “国华集团控股有限公司” (adopted by the company solely for identification purposes and not currently registered in Bermuda).
Trump's dramatic turnaround on tariffs has sparked a surge in Hong Kong's Consumer Electronics market, with TCL ELECTRONICS soaring 30% leading related stocks.
① What does President Trump's 90-day suspension of tariffs on certain countries mean for the Consumer Electronics Industry Chain? ② TCL ELECTRONICS, FIT HON TENG and other symbols have rebounded over 20% after being oversold. Is this the starting point for valuation repair or just a flash in the pan?
Even Though China Best Group Holding (HKG:370) Has Lost HK$607m Market Cap in Last 7 Days, Shareholders Are Still up 393% Over 1 Year
The restructuring has introduced strategic Shareholders, and CHINA BEST (00370) is welcoming the commercialization of "humanoid robots".
Recently, Zhu Xiaohu stated to the media that the commercial paths for embodied intelligence are still unclear, especially for humanoid robots, believing that the current market demand is mainly for research purposes and lacks sustainable commercialization value. This remark stirred considerable reaction, and subsequently, well-known private equity investment institution Jingwei Venture Capital's Zhang Ying and the founder of Siasun Robot&Automation Zhao Tongyang came out one after another to refute it, expressing a bullish outlook on the long-term value of AI and humanoid robots.
Warburg Pincus plans to establish an office in Japan and seeks to engage in more Real Estate Trades.
The USA-based Warburg Pincus plans to open an office in Tokyo later this year, seeking to engage in more Real Estate and private equity Trade in Japan, joining a cohort of foreign investors expanding in the Japanese market. The New York-based private equity firm announced on Wednesday that it has acquired a portfolio of 1,195 rental homes in the Greater Tokyo area from Lone Star Funds. The company did not disclose the price. "Despite the overall population decline in Japan, we have very strong confidence in the growth of the Tokyo metropolitan area," said Takashi, Co-Head of Warburg Pincus Asia Real Estate and Head of its Japan Business.
Hong Kong stocks activity | CHINA BEST (00370) rose over 12% in late trading. Aberdeen Siasun Robot&Automation completed its restructuring and will create a benchmark for "AI robots + health care" in Jiangsu.
CHINA BEST (00370) surged over 12% in the final trading hours, as of the time of writing, it increased by 12.36%, priced at 1 Hong Kong dollar, with a trading volume of 0.9957 million Hong Kong dollars.
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