HK Stock Market Move | LONGCHEER (09611) opened over 8% higher as the company ventures into the AIDC sector, planning to acquire a total of 80% equity in Suzhou Anruike Information Technology.

LONGCHEER (09611) opened up over 8%, and as of the time of this report, it is up 8.61%, priced at 28 Hong Kong dollars, with a trading volume of 2.0356 million Hong Kong dollars. In terms of news, LONGCHEER announced that on August 13, 2026, the company entered into an equity transfer agreement with the sellers (Ren Liguo, Ding Zhiyong, Chen Bo, Wang Zhonghui, Suzhou Ruiyongying, and Suanwang Investment). This includes the founder's equity transfer agreement, the incentive platform equity transfer agreement, the institutional seller's equity transfer agreement, and the individual seller's equity transfer agreement. According to this agreement, the company agrees to acquire a total of 80% equity of the target company (Suzhou Anruike Information Technology Co., Ltd.) from the sellers, with a total consideration of 1.12 billion RMB. Upon completion of the transaction, the target company will become a non-wholly owned subsidiary of the company, and its financial performance will be consolidated into the financial statements of the group. The target company's design and service capabilities in the data center infrastructure field will assist the company in entering this sector, expanding the groups business layout, and enhancing the groups customer resources and service capabilities, which align with the company's strategic development needs. The consideration will be funded from the company's internal resources and will not utilize any proceeds from the company's H-share listing, and the company currently expects that this acquisition will not have a significant adverse impact on its cash flow situation.