Noblelift Intelligent Equipment to Spin Off, List Logistics Unit in Hong Kong

MT Newswires Live

2024/12/10

Noblelift Intelligent Equipment (SHA:603611) plans to spin off its Wuxi Zhongding Integrated Technology unit on the Hong Kong Stock Exchange, according to a Tuesday filing with the Shanghai Stock Exchange.

Wuxi Zhongding is an internal logistics company specializing in automated three-dimensional warehousing systems, automated conveying and sorting systems, handling robots and systems, and automated logistics software systems, the filing said.

The spinoff will help widen Wuxi Zhongding's financial channels and boost its profitability, the filing said.

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