On July 9, Estun Automation (02715.HK) rose 5.76% in regular trading, reaching HKD 20.26 per share with turnover of HKD 302 million.

The rebound follows a sharp decline of over 16% in the prior session, which was triggered by concentrated profit-taking after consecutive large gains and uncertainty surrounding a pending acquisition. The current recovery is attributed to selling pressure being absorbed, prompting capital to re-enter positions.

On the news front, the company continues to advance its planned all-cash acquisition of 100% equity in Nanjing Estun Codroid Technology, a subsidiary specializing in collaborative robots and embodied intelligence robots with products spanning 3-35kg payload applications across automotive, consumer electronics, and logistics sectors. The transaction, classified as a related-party deal since counterparty Nanjing Primest is the controlling shareholder, remains in the planning stage with material uncertainty. Additionally, the company convened an extraordinary general meeting on the same day to review board renewal proposals, providing further sentiment support.

(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.)