China Best Group Holding's (HKG:0370) subsidiary, Hong Kong Artificial Intelligence Group, agreed to restructure Hong Kong Robotics, another subsidiary of the company, into a joint venture company with Dataa Robotics, a Wednesday bourse filing said.
The move follows the company's agreement to establish a humanoid robot intelligence-focused joint venture in Hong Kong with Dataa Robotics on Feb. 18.
The new JV will aim to develop business operations and market for humanoid robot-operated products for civil use in Hong Kong and overseas.
Shares of the company ballooned nearly 37% on Thursday's close.
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