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Shanghai Electric (00020.HK) and automated sys (00771.HK) under ASL have reached a cooperation on AI solutions in the Asia-Pacific region.
Shangtang-W (00020.HK) announced the signing of a memorandum of understanding with Automated Sys Group (00771.HK)'s Automated Sys Hong Kong (ASL) on Tuesday (the 15th), to jointly explore AI solutions opportunities for public sector in the Asia-Pacific region. Both parties will collaborate to identify, develop, and implement market strategies to enhance AI services provided to customers in the Asia-Pacific region, leveraging Shangtang's AI software and professional services team, as well as ASL's integrated technology services, expecting to provide customers with quality AI services and operational experiences. They also plan to collaborate on integrating Shangtang Technology's product development in feasibility studies.
AUTOMATED SYS: Interim Report 2024
Automated Systems Arm Disposes Over 900,000 Shares in Associate Firm for Nearly $12 Million
Automated sys (00771.HK) plans to sell a total of 11.7 million US dollars to GDH shares totaling 0.9134 million H shares.
Great Wall 13th September automated sys (00771.HK) announced that on 12th September 2024 (New York time), the company's wholly-owned subsidiary GDD sold a total of 0.9134 million shares of GDH, a company listed on the nasdaq (stock code: GDYN), through a broker in a block trade for a total consideration of approximately $11.7 million (approximately $91.2 million Hong Kong dollars)(excluding transaction costs), representing approximately 1.19% of the total number of GDH shares issued and outstanding. The average selling price per share of GDH is approximately $12.8 (approximately 99.8 Hong Kong dollars)
Automated Systems' H1 Profit Declines 58%
Automated sys (00771.HK) interim profit of 38.1 million Hong Kong dollars, a 58.2% year-on-year decrease.
On August 21, Glon Hui announced that for the six months ended June 30, 2024, the group's total revenue and gross profit were HK$1225.5 million and HK$123.2 million, respectively, which were both similar to the same period last year. During the period, product sales decreased by 7.9% to HK$611.3 million, while service revenue increased by 6.2% to HK$614.1 million. In addition, product sales and service revenue accounted for 49.9% and 50.1% of total revenue, respectively, compared to 53.5% and 46.5% in the same period last year. Looking back, the group recorded company equity
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