Understanding the Market | MAXNERVA TECH rose over 17% after announcing potential collaboration with UBTECH ROBOTICS in the humanoid robot business
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MAXNERVA TECH's stock price rose by over 17%, with an increase of 17.86% as of the time of publication, trading at HKD 0.99, with a turnover of HKD 12.2876 million. The company announced on September 22nd that it had signed a memorandum of understanding with UBTECH ROBOTICS regarding potential strategic cooperation in the humanoid robot business. MAXNERVA TECH Shenzhen will be responsible for the global sales and marketing of UBTECH's humanoid robot products, while UBTECH will focus on research and development and production. UBTECH has also signed a procurement contract worth 30 million yuan with Tianqi Automation
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