On June 5, MINIEYE (02431.HK) surged 29.12% in regular trading, trading at HKD 12.39 per share, with trading volume of HKD 297 million.

The rally was driven by the company's recently announced acquisition of a 50% stake in Xi'an Tongtu Technology, a wholly-owned subsidiary of ZTO Express, for a total consideration of RMB 25 million. Of this amount, RMB 20 million will be settled through the issuance of consideration shares to ZTO Express, making ZTO a strategic shareholder of MINIEYE. The remaining RMB 5 million will be paid in cash.

Xi'an Tongtu primarily engages in intelligent unmanned vehicle operations, drone services, and logistics technology. Upon completion, the acquisition will integrate smart logistics with autonomous driving, forming a closed-loop ecosystem spanning technology, scenario deployment, and operations. MINIEYE's Xiaozhu unmanned logistics vehicles have already been deployed across 18 cities in China with over 7,000 units in operation. This partnership with ZTO's extensive nationwide logistics network is expected to significantly accelerate L4 autonomous vehicle scale deployment and serve as a commercialization benchmark for the Robovan sector.

(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.)