Alset International's (SGX:40V) NASDAQ-listed subsidiary, HWH International, entered into a strategic partnership with Guangzhou Inbot Technology through stepdown subsidiary, Hapi iRobot, a filing with the Singapore Exchange said on Wednesday.
Through the partnership, Hapi iRobot has secured distribution rights for Padbot Robot's product line in Singapore, Malaysia, Hong Kong, Thailand, South Korea, Japan, the US and Canada, the filing said.
Padbot Robot, a brand launched by Guangzhou Inbot Technology, specializes in robots offering solutions for reception, delivery, security, cleaning, and table service applications.
Alset International shares were down 4% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.