EACON Officially Lists on Hong Kong Stock Exchange, Accelerating Growth in Autonomous Mining Sector
Hong Kong (ANTARA/PRNewswire) - EACON Group Co., Ltd. (“EACON”, Stock Code: 07687.HK) has officially listed its shares on the Hong Kong Stock Exchange (HKEX). This listing marks a significant milestone in EACON’s journey and signals a new phase in the company’s global expansion.
Through the initial public offering (IPO), EACON successfully raised approximately HK$2.3 billion and recorded a market capitalisation of around HK$13 billion. The IPO received a positive response from institutional investors, including cornerstone investors such as Zijin Mining, XCMG, Fidelity International, J.P. Morgan Asset Management, Barings, CDH, and several other global investment institutions.
Over the past eight years, EACON has evolved from a technology innovation company into one of the world’s leading providers of autonomous haulage systems (AHS). EACON’s technology currently supports various mining activities in China and Australia. As one of the world’s most important international financial centres, Hong Kong also serves as a strategic foundation for EACON to expand its international business reach and strengthen long-term growth.
Amid the mining industry’s transformation towards smarter and more technology-driven operations, mining companies increasingly need partners with proven technology, large-scale implementation capabilities, and sustainable operational support. By listing on the HKEX, EACON is poised to accelerate innovation, expand its presence in key global markets, and deliver greater added value to customers in the mining sector.
EACON will utilise the proceeds from the IPO for research and development, information technology development, international expansion and customer acquisition, human resources and organisational development, strategic investments aligned with long-term growth plans, and other operational needs.
“EACON was built on the belief that intelligent technology can bring fundamental change to safety, efficiency, and sustainability in the mining industry,” said Wason Lan, Founder and CEO of EACON. “EACON’s listing on the HKEX reflects the trust of our customers, the dedication of our employees, and the sustained support of our partners and investors. This step also provides a strong foundation for entering the next stage of EACON’s global growth journey.”
About EACON
EACON Mining Technology develops autonomous haulage systems that are among the most widely deployed solutions in the world. To date, EACON has automated more than 2,500 mining trucks, which have cumulatively travelled over 120 million kilometres and operate across more than 30 mining projects covering commodities including coal, iron ore, copper, gold, and zinc. EACON’s ORCASTRA® solution can integrate with various OEM platforms and drive systems, for both new and existing fleets. By combining 360-degree perception technology, distributed architecture, and a real-time optimisation-based fleet management system, the solution enhances workplace safety and operational productivity while supporting the mining industry’s transition towards smarter and more sustainable practices.