Ruihe Data Technology Holdings Limited announced that its wholly-owned subsidiary, Ruihe Data Technology (HK) Co., Limited, has placed an order to subscribe for international offer shares in the forthcoming Hong Kong listing of Ligent Technologies, Inc. The subscription, executed on 14 September 2026, caps the aggregate offer price at no more than HK$60.00 million.
Key Terms • Offer price: HK$32.96 per share, subject to final determination on 14 September 2026. • Underwriters: Citigroup Global Markets Asia, CLSA, GF Securities (Hong Kong) Brokerage, and Futu Securities International (Hong Kong). • Transaction size: Applicable percentage ratios exceed 5 % but remain below 25 %, classifying the deal as a discloseable transaction under Chapter 14 of the Listing Rules. • Funding: Unutilised proceeds from share placings completed on 6 February 2026 and 24 August 2026, supplemented by internal resources. • Completion conditions: Successful listing of Ligent Technologies on 22 September 2026, final offer price confirmation, and share allocation to the subscriber.
Ligent Technologies Snapshot • Core business: Development and sale of optical transceivers, optical network terminals, and optical chips. • Financial performance (RMB): – 2023 net profit: 215.52 million – 2024 net profit: 89.49 million – 2025 net profit: 872.64 million – 1H 2026 net profit: 660.99 million • Total assets as of 30 June 2026: 11.01 billion.
Strategic Rationale Management cites complementary positions within the AI computing supply chain: Ligent provides optical hardware, while Ruihe Data delivers upper-layer software and big-data solutions. The investment aims to secure upstream capacity, enable joint product offerings, and broaden Ruihe Data’s footprint in AI hardware.
Shareholders are advised that the subscription may not materialise if the IPO timetable or allocation terms change.
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