Changes in Hong Kong stocks | Xiangxing International (01732) rose nearly 13% at the end of the session, and part of the takeover reached preconditions, Nishijing Technology focuses on driverless commercial vehicles

The Zhitong Finance App learned that Xiangxing International (01732) rose nearly 13% at the end of the session. As of press release, it had risen 9.26% to HK$0.295, with a turnover of HK$1.92 million.

According to the news, Xiangxing International and Nishii Holdings jointly announced that Nishii Holdings, as the offender, made a voluntary partial cash offer with preconditions. Last Friday (December 12), it obtained the consent of the executive for part of the offer in accordance with Rule 28.1 of the Takeovers Code, and the preconditions have been met. According to the group, the offender made an offer to acquire approximately 371 million shares of the group.

According to public information, Nishii Technology focuses on driverless commercial vehicles. 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.