Corporate ActionOct 30, 2026, 05:31 PM
Lianhe Sowell Announces 1-for-8 Share Consolidation; Secures Major Robot Orders
AI Summary
Lianhe Sowell International Group Ltd. announced a 1-for-8 share consolidation to maintain its Nasdaq listing, effective October 26, 2026. The company also reported securing a significant RMB23.84 million order for 80 AI spray painting robots from NMS Robotics in Malaysia, alongside its first order from the UK. These deals represent a strategic expansion of its international presence in intelligent equipment for the automotive aftermarket.
Key Highlights
- Lianhe Sowell International Group Ltd. announces a 1-for-8 share consolidation effective October 26, 2026.
- The share consolidation aims to maintain the Company's listing on the Nasdaq Capital Market.
- The Company secured a RMB23.84 million order for 80 AI spray painting robots in Malaysia.
- Lianhe Sowell also received its first UK order for one AI spray painting robot.
- The Malaysian and UK orders mark further international expansion for the Company's intelligent equipment business.
Price Impact
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