The Zhitong Finance App learned that Tuopu CNC (07688) rose more than 7%. As of press release, it had risen 7.09% to HK$19.79, with a turnover of HK$4.797,500.

According to the news, Tuopu CNC issued an announcement stating that on October 20, the company signed a non-legally binding letter of intent with a potential seller and a target company to acquire no less than 70% of the target company's shares. The target company is engaged in R&D, manufacturing and sales of multi-axis multi-channel CNC machine tools and direct-drive high-speed five-axis machine tools. The products are widely used in 3C precision structural parts, AI liquid cooling plates, optical module structural components, precision joints of humanoid robots, and parts for new energy vehicles.

According to the announcement, the group previously focused on large-scale five-axis aerospace machine tools, and this acquisition can enrich its CNC machine tool product matrix and expand it to part of its strategic layout in high-growth downstream fields. The Group and target companies will unleash synergies in R&D, supply chain management, manufacturing, and sales and after-sales service, strengthen the Group's overall competitiveness in the domestic high-end CNC machine tool industry, and accelerate the domestic replacement process of core industrial mother machine equipment.

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