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MAXNERVA TECH Once Surges ~1.3x After Trading Resumption; Subsidiary Joins UBTECH ROBOTICS to Promote Humanoid Robots
MAXNERVA TECH (01037.HK) resumed trading this morning (23rd). It made a big leap of 45.16% at open and once surged by 1.29 times to an over seven-year high of HKD1.42 since June 20...
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MAXNERVA TECH Once Surges ~1.3x After Trading Resumption; Subsidiary Joins UBTECH ROBOTICS to Promote Humanoid Robots
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MAXNERVA TECH (01037.HK)  -0.130 (-13.402%)   resumed trading this morning (23rd). It made a big leap of 45.16% at open and once surged by 1.29 times to an over seven-year high of HKD1.42 since June 2018. It last traded at HKD1.19, up 91.94%, with a volume of 57.572 million shares, involving HKD69.0326 million.

MAXNERVA TECH announced that its wholly owned subsidiary, Maxnerva Shenzhen, had signed a memorandum of understanding (MOU) for potential strategic cooperation with UBTECH ROBOTICS (09880.HK)  -7.100 (-5.043%)    Short selling $226.32M; Ratio 10.081%   .

Related NewsCiti Elevates UBTECH ROBOTICS (09880.HK) TP to $170, Changes Rating to Buy
Under the MOU, Maxnerva Shenzhen will be responsible for global sales, marketing, and after-sales services of the humanoid robot products, while UBTECH ROBOTICS will be responsible for R&D, manufacturing, and technical support of such products.

That said, the announcement stressed that the transactions contemplated under the MOU may or may not proceed.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-26 16:25.)

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