On July 31, YOFC surged 15.33% in regular trading to HKD 104.9, with turnover of HKD 1.395 billion, rebounding sharply after its stock had halved from June highs amid industry expansion concerns.

On the news front, the company announced on July 30 that it entered into a share transfer agreement with Draka Comteq B.V. to acquire the remaining 25% equity interest in YOFC (Shanghai) for EUR 12 million in cash. Upon completion, YOFC Shanghai will become a wholly-owned subsidiary with its financials fully consolidated into the group. The consideration represents a premium of approximately 6.3% over the corresponding 25% share of audited net assets of RMB 348.56 million as of December 31, 2025.

Simultaneously, the company raised its annual related-party transaction cap by RMB 650 million, primarily involving product sales to YOFC Shanghai, Shenzhen SDGI Optical Fiber, and the Prysmian Group, reflecting accelerating downstream demand driven by computing power and data center infrastructure buildout. The broader light communications sector rallied in tandem, with CIG up 18.12% and Plover Bay Tech up 18.69%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)