Movement Alert|LUXSHARE ICT Rises 3.36% in Regular Trading, Two Acquisitions Broaden Industry Chain Layout

Market Focus
1 hour ago

On October 8, LUXSHARE ICT rose 3.36% in regular trading, trading at 53.9 HKD/share, with turnover of 14.1838 million HKD.

The stock's upward movement was driven by the company's announcement of two acquisition plans aimed at strengthening its precision metal structural components and industrial power supply manufacturing capabilities to complete its vertical supply chain layout.

LUXSHARE ICT plans to acquire 57% equity in KFM Golden for approximately 684 million HKD and subscribe to about 252 million HKD of its zero-coupon convertible bonds. Concurrently, the company intends to acquire a 75% stake in Zhi Feng Industrial Electronics, a transaction that may trigger a mandatory general offer upon completion.

LUXSHARE ICT is a Chinese company primarily providing precision intelligent manufacturing solutions. Its products cover consumer electronics, automotive electronics, communications and data centers, and other end markets, offering cross-domain vertically integrated development and manufacturing solutions from components and modules to systems.

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