Hong Kong Stock Movers: Trigiant Group Surges Over 8% as Subsidiary Preliminarily Wins China Tower 2026 Power Cable (Copper Cable) Centralized Procurement Project

Stock News10-27 10:36

Trigiant Group (01300) climbed more than 8%, rising 8.14% as of press time to HK$2.06, with turnover of HK$6.5296 million.

On the news front, Trigiant Group announced that on October 22, 2026, China Tower published through its online business platform the public notice of the selection results for China Tower's 2026 power cable (copper cable) product centralized procurement project (hereinafter referred to as the bid-winning notice), and the group's wholly-owned subsidiary, Jiangsu Trigiant Technology Co., Ltd. (hereinafter referred to as Trigiant Technology), is a relevant candidate for the winning bid. The bid price submitted by Trigiant Technology this time was RMB 326 million excluding tax.

The announcement stated that China Tower is one of the group's major customers, and power cables (copper cables) have also been one of the group's main traditional products since its establishment nearly twenty years ago. Since the beginning of this year, the group's power cable orders have achieved significant growth, mainly benefiting from the transformation of domestic intelligent computing center (AIDC) application scenarios and the continued advancement of the computing infrastructure construction wave.

In addition, in order to respond to the rapid growth of global artificial intelligence (AI) computing demand, the group is making high-intensity strategic investments to comprehensively step up its business layout in the AIDC segment.

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