HK Stock Market Move | DOBOT(02432) rises nearly 7% in early trading. DOBOT's application for an IPO on the ChiNext board has been accepted. The first "H-share to A-share" transaction in the Greater Bay Area is completed.

DOBOT(02432) rose nearly 7% in early trading, and as of the time of writing, it was up 5.39% to 32.04 Hong Kong dollars, with a turnover of 75.1441 million Hong Kong dollars. On the news front, the Shenzhen Stock Exchange website shows that the Hong Kong-listed company DOBOT Technology's GEM IPO application has been accepted by the Shenzhen Stock Exchange. It is worth noting that DOBOT Technology has not yet turned a profit, and the company plans to apply for the third set of listing standards for the GEM. The acceptance of the company's GEM IPO application marks the first "H-to-A" case of a Guangdong-Hong Kong-Macau Greater Bay Area enterprise in the Shenzhen market. In this push for the GEM, DOBOT Technology clearly aims to further enhance its position in the field of intelligent robotics. According to the prospectus filing materials, DOBOT Technology plans to issue no more than 48.88 million shares this time, raising 1.2 billion yuan, mainly for investment in the research and development of human-shaped Siasun Robot & Automation, industrialization of multi-legged Siasun Robot & Automation, upgrading of marketing networks, and replenishment of working capital.