-+ 0.00%
-+ 0.00%
-+ 0.00%
Suteng Juchuang (02498) plans to sell the complete robot business and assets for 598.78 million yuan
Share
Listen to the news

According to Zhitong Finance App News, Suteng Juchuang (02498) announced that on September 10, 2026, Shenzhen Suteng, an indirect wholly-owned subsidiary of the company, plans to sell target business and assets to Shenzhen Xiyuan Robotics Co., Ltd., with a total cash cost of RMB 598.78 million. The company is expected to obtain a net income of approximately RMB 37.9 million from the proposed sale.

Target businesses and assets include (i) the Group's interests in R&D, manufacturing and sales of complete robot machines; and (ii) assets involved in such business, which mainly include intellectual property rights (such as patents and copyrights), inventory, computers and servers, production equipment and tools, and consumable raw materials used in related design and development.

After the proposed sale is completed, the group will focus on advancing its long-term strategic plan to develop major and key incremental components for embedded robot manufacturers in addition to lidar products. The company also anticipates that after the proposed sale is completed, the group will become one of the buyer's parts suppliers.


Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending