HK Stock Market Move | After the interim results, TIME INTERCON(01729) rose more than 7% to hit a new high. Mid-term shareholders' net profit increased by 47.6% year-on-year. The company plans to acquire De Jin Chang Investment for HK$460 million.

TIME INTERCON(01729) rose more than 7% after the performance announcement, with the stock price reaching a high of 14.2 Hong Kong dollars during trading, hitting a new high for the year. The stock price has increased by over 2.46 times in the past three months. As of the time of writing, it was up 6.03% at 14.07 Hong Kong dollars, with a trading volume of 73.8113 million Hong Kong dollars. On the news front, on August 28, TIME INTERCON announced its mid-term performance for 2025, with a revenue of 4.854 billion Hong Kong dollars, an increase of 82.1% year-on-year. The company's attributable profit to owners was 314 million Hong Kong dollars, an increase of 47.6% year-on-year, with basic earnings per share of 16.10 Hong Kong cents. The announcement mentioned that the increase in revenue during the period was mainly due to the AI boom driving increased data center revenue for the server and cable component divisions. Of note, TIME INTERCON announced that on August 28, 2025 (after trading hours), the company, seller (Jin's Investment Limited), and guarantor entered into a sales and purchase agreement. According to the agreement, the company conditionally agreed to purchase the sale shares equivalent to the entire issued share capital of De Jin Chang Investment Limited (the target company) from the seller for a price of 460 million Hong Kong dollars, subject to compliance with the terms and conditions of the agreement. The price for the sale shares will be paid in cash of 130 million Hong Kong dollars, with the remaining 330 million Hong Kong dollars to be paid by issuing and issuing consideration shares through the company under general authority to the seller. The acquisition will enable the group to diversify its reliance on a single country's key copper wire supply. The target group's production base in neighboring countries of China will significantly diversify the supply chain disruption risk. Since copper wire is the basic raw material for the group's cable products, supply interruptions could lead to production delays, order delivery delays, and significant financial losses. By ensuring cross-border copper supply, the group will establish a robust and resilient supply chain, ensuring business continuity, and effectively diversifying geographical and political risks.