Minth climbs to five-year peak on US robotics joint venture with Leader Harmonious

Shares of auto parts producer Minth Group 0425.HK jump 9.2% to HK$40.46, their highest level since January 2021

Stock marks its biggest intraday pct rise since January 22, and set for a second session of gains

Minth says it will join Leader Harmonious 688017.SS to set up a joint venture in the U.S. and engage in design, manufacture and commercialization of humanoid robot joint module assemblies in North America

Says establishing localized assembly, delivery, upgrades, and maintenance for humanoid robot joint modules is critical to the sustainable development of embodied-intelligence robot enterprises in North America

"The group aims to become a leading global tier-one supplier of on-site robot system components," says Minth

Leader Harmonious' stock climbs 1.9% to 221.59 yuan on the second session of gain

YTD, Minth shares up 26.4%, Leader Harmonious up 15%, benchmark Hang Seng Index .HSI up 5.4%