Trunk Technology drives ahead in search of profits
The autonomous commercial vehicle technology maker plans to top up with a Hong Kong IPO under a rule allowing ‘specialist technology companies’ to list even if they are losing money…
ZO Future pivots from Birmingham blunder to NEV longshot
The company booked a paper profit by offloading its money-losing soccer club, but its cash-burning new energy commercial vehicle business is in an equally difficult league Key Takeaways: ZO Future…
With BYD backing, autonomous EV mining truck maker Boonray drives toward IPO
The Shanghai-based company is second only to Eacon Group in autonomous mining solutions and first in self-driving electric mining trucks Key Takeaways: Boonray has filed for a Hong Kong IPO,…
BRIEF: Cidi stumbles in Hong Kong trading debut
Shares of autonomous mining truck maker Cidi Inc. (3881.HK) opened flat in their Hong Kong trading debut on Friday, then edged down to close 8.4% below their offer price at HK$260 by…
BRIEF: Autonomous truck maker Cidi launches $180 million IPO
Autonomous mining truck producer Cidi Inc. (3881.HK), launched its Hong Kong IPO on Thursday, offering 5.41 million shares priced at HK$263 apiece to raise about HK$1.42 billion ($179 million). Shares…
BRIEF: Breton raises $32 million via share placement at 15% discount
Ｍotor manufacturer Breton Technology Co. Ltd. (1333.HK) announced on Sunday that it plans to place up to 10 million new Hong Kong-listed H-shares, representing 3.98% of its enlarged H-share capital. The…
Full Truck Alliance gets new lesson in economics
The trucking company warned that a planned rate hike for its freight brokerage services could lead to a significant decline in that business, which could ‘adversely affect’ its profits Key…
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