LONGCHEER (HKEX: 09611) shares have surged more than 7%. At the time of writing, the stock is up 7.09% to HK$24.46, with a turnover of HK$8.4329 million.
This movement follows recent news where the company announced that all preconditions outlined in the share transfer agreement for the acquisition of a 60% stake in each of Kejuncheng Precision and Jiya Metal have been fulfilled. The share transfers and corresponding amendments to the articles of association for the target companies have been officially registered with the relevant local market regulatory authorities. Consequently, the acquisition was successfully completed on June 12, 2026.
Following the completion of the acquisition, the company, Mr. Wu Yutao, Mr. Xiong Daoan, and an employee incentive platform now directly hold 60%, 18.8%, 17.2%, and 4.0% of the equity in each target company, respectively.
Analysts from Changjiang Securities noted that Kejuncheng is a leading domestic manufacturer of high-precision metal etching technology, with end customers including major consumer electronics brands such as a key North American client. Kejuncheng reported a net profit of 133 million yuan for 2025, representing significant year-on-year growth.
The acquisition by LONGCHEER is seen as not only enriching its client portfolio but also providing an entry into the high-growth thermal management sector. This strategic move is expected to potentially extend the company's business from downstream consumer electronics into other application areas in the future.
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