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WERIDE-W Mushrooms 15%+ on Report of Planned Spin-off of Robovan Unit for Independent Financing
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WERIDE-W (00800.HK) once mushroomed 20.34% today (16th), hitting an intraday peak of HKD19.99. It last stood at HKD19.17, up 15.41%, with a turnover of 2.5046 million shares, involving HKD47.1307 million. WERIDE-W intends to spin off its Robovan business for independent financing, valuing the unit at USD400 million, Chinese news broke. However, an internal source from the company responded that there is currently no information to share. WERIDE-W's Robovan reportedly obtained a road testing license in Guangzhou and commenced road testing. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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