On June 9, MINIEYE (02431.HK) rose 8.02% in regular trading, reaching HKD 11.05, with trading volume of approximately HKD 121 million. The stock continued its upward trend following the June 5 surge of over 29%, as the market further digested news of the company's strategic acquisition.

On the news front, MINIEYE previously announced the acquisition of a 50% stake in Xi'an Tongtuo 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, making ZTO Express a strategic shareholder upon completion. The target company is engaged in intelligent unmanned vehicle operations, unmanned aerial vehicle services, and logistics technology services. The board stated that this acquisition represents a strategic opportunity to accelerate the commercialization of L4 autonomous driving technology through ZTO Express's mature logistics ecosystem, forming a technology-plus-scenario-plus-operations integrated closed-loop to advance scaled deployment of Robovan solutions.

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