Minth Group to Partner With Taiwanese Firm on Robotics
MT Newswires Live
7 hours ago
Minth Group (HKG:0425) plans to establish a long-term joint venture with Taiwan's Mirle Automation (TPE:2464) to advance research into intelligent robots and robotic dogs, the company said in a Hong Kong bourse filing Monday.
The firm entered into a framework agreement with Mirle to set the preliminary terms of the partnership, which would include establishing one or more JV companies in Taiwan.
Minth said it would hold 60% of the equity interests in the proposed JV, which could have an expected registered capital of NT$1 billion.
The partnership is subject to definitive agreements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.