CIDI-NEW Shares Surge Over 21% in Morning Session Following Saudi Mining Giant Visit and Global Expo Showcase

Stock News
06/17

Shares of CIDI-NEW (03881) surged more than 21% in morning trading. At the time of writing, the stock was up 20.42% to HK$20.7, with a turnover of HK$36.76 million.

Key Drivers for the Rally

On June 16th, a delegation from Saudi Arabia's National Mining Company (Maaden) visited CIDI-NEW for an exchange and inspection. Discussions centered on unmanned transport in mining areas, the digital transformation of mines, and potential global cooperation, exploring the application and development opportunities for smart mining technologies on a worldwide scale.

Maaden is a leading national mining enterprise in Saudi Arabia and a key entity for implementing the country's "Vision 2030" strategy.

International Market Expansion

Additionally, CIDI-NEW showcased its self-developed remote-controlled excavator at the Perth Tradie Expo 2026 in Australia. The company's AI-powered remote control innovation attracted significant attention.

This participation marks a crucial step in CIDI-NEW's overseas market expansion and demonstrates the international competitiveness of China's intelligent driving and engineering machinery remote control technologies.

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