HK Stock Market Move | TRANSTECH OPTEL (09963) rises nearly 15% intraday; company plans to acquire optical fiber preform business for approximately RMB 250 million.

TRANSTECH OPTEL (09963) rose nearly 15% intraday. As of press time, it was up 9.77% at HK$9.265, with a turnover of HK$3,738,800. On the news front, TRANSTECH OPTEL issued an announcement that it plans to acquire a 49% equity interest in Haotai Investment from Haodaer Technology for a consideration of approximately RMB 250 million. Haotai Investment holds a 51% equity interest in Yinhu Tianjin, with the remaining 49% held by Futong China. The seller, Haodaer Technology, holds approximately 12.49% of the shares in Gaokeqiao and is a substantial shareholder of the company. Yinhu Tianjin operates four optical fiber preform production lines and four core rod production lines, with an output of approximately 212 tonnes in 2025. Its major customers include an integrated wire, cable and materials group listed on the Tokyo Stock Exchange, as well as the Futong China Group. TRANSTECH OPTEL has also entered into a framework procurement agreement with its controlling shareholder Futong China to purchase optical fiber, optical fiber preforms and other products from the Futong China Group.