Minth Group Moves into Robotics with Taiwan Joint Venture Plan
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Minth Group's subsidiary UAT has signed a framework agreement with Mirle to develop intelligent robots and robotic dogs, marking a strategic move into advanced robotics. The joint venture in Taiwan will see UAT holding 60% equity and Mirle 40%, with a registered capital of NT$1 billion. This collaboration aims to diversify revenue streams and enhance technological capabilities. Analysts rate Minth Group stock as a Buy with a price target of HK$47.20. The company, known for automotive components, is expanding into intelligent hardware and mobility solutions.
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