Changes in Hong Kong stocks | Xiangxing International (01732) rose more than 22%, Nishii Technology made a partial offer to acquire the company, focusing on driverless commercial vehicles

The Zhitong Finance App learned that Xiangxing International (01732) rose more than 22%. As of press release, it had risen 18.52% to HK$0.32, with a turnover of HK$5.4943 million.

According to the news, Xiangxing International announced that Nishii Holdings (Hong Kong) Limited plans to partially purchase 371.2 million shares of the company at a price of HK$0.21 per share, accounting for 29% of the company's issued share capital. The offer price is about 7.89% off the closing price of HK$0.228 on the previous trading day.

According to public information, Nishii Technology focuses on driverless commercial vehicles. According to the Securities Times, Nishii Holdings (Hong Kong) Limited is a holding subsidiary of Nishii Technology. Once this tender offer is completed, Xiangxing International is expected to become the first stock in the Hong Kong stock commercial vehicle driverless concept. Furthermore, according to public information, Nishii Technology also submitted a listing guidance filing report to the Shanghai Securities Regulatory Bureau in April of this year, and plans to do an IPO in the A-share market.