HK Stock Market Move | XIANGXING INT(01732) rose nearly 13% at the close of trading, with some tender offer conditions being met. Xijie Technology focuses on commercial special vehicles and autonomous driving.

XIANGXING INT (01732) rose nearly 13% in the final trading session, with a 9.26% increase as of the time of writing, trading at 0.295 Hong Kong dollars, with a trading volume of 1.992 million Hong Kong dollars. On the news front, XIANGXING INT and West Wells Holdings jointly announced that as a voluntary cash partial tender offeror, West Wells Holdings has made a conditional cash offer with preconditions, and on Friday (December 12th), in accordance with Rule 28.1 of the takeover code, they have obtained the consent of the offeree in relation to the partial offer and the preconditions have been met. The group stated that the offeror has proposed to purchase approximately 371 million shares of the group. Public information shows that West Wells Technology focuses on commercial vehicle unmanned driving technology. Once this tender offer is completed, XIANGXING INT is expected to become the first listed company in Hong Kong's commercial vehicle unmanned driving concept. It is also worth noting that West Wells Technology submitted a listing guidance filing application to the Shanghai Securities Regulatory Bureau in April this year, with plans for an IPO on the A-share market.