Star Plus Legend Holdings Ltd (06683.HK) saw its stock price surge by 17.97% in intraday trading on Wednesday, following the announcement of a strategic partnership between its subsidiary and a technology company to develop innovative robot dogs.
The Hong Kong-listed company revealed that its wholly-owned subsidiary, Star Plus Entertainment (Kunshan) Company Limited, has entered into a cooperation agreement with Hangzhou Yushu Technology Co., Ltd. The partnership aims to develop and commercialize quadruped robot dogs with advanced companionship and social interaction features. These consumer-grade robots are expected to have strong intellectual property attributes and will target various sectors, including the performing arts industry.
Investors responded enthusiastically to this news, likely seeing it as a significant opportunity for Star Plus Legend Holdings to expand its IP business into a new and potentially lucrative industrial ecosystem. The development of social interaction robots represents a promising venture into the growing field of consumer robotics, which could open up new revenue streams for the company. This strategic move appears to have boosted investor confidence, driving the substantial increase in the company's stock price during the trading session.
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