Chinese Driverless Mining Truck Specialist Surges on Hong Kong Debut
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Chinese driverless mining truck developer Eacon Group Co. Ltd. made a strong debut on the Hong Kong Stock Exchange, with its shares jumping nearly 10% on the first day of trading, reflecting strong investor interest in a technology that some see as revolutionizing the industry.
Eacon’s stock closed up about 10% at HK$96.7 ($12.3) on Wednesday, giving the company a market capitalization of HK$14.3 billion. The offering attracted cornerstone investors including Zijin Mining Group Co. Ltd., XCMG Construction Machinery Co. Ltd., Fidelity International and JPMorgan Chase & Co.
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