Trigiant Group Surges Over 4% After Subsidiary Named Preferred Bidder for China Telecom's 2026-2027 Outdoor Optical Cable Procurement

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Trigiant Group (01300) jumped more than 4%, reaching 4.56% as of press time to trade at HK$2.52, with turnover of HK$2.4547 million.

On the news front, Trigiant Group announced that on October 14, 2026, China Telecom published the tender result announcement for its 2026-2027 outdoor optical cable centralized procurement project through its online business platform. The group's wholly-owned subsidiary, Jiangsu Trigiant Technology Co., Ltd., was named a candidate for the winning bid, with a tax-inclusive tender price totaling RMB 10.904 billion.

The announcement stated that China Telecom is one of the group's major customers, and this outdoor optical cable centralized procurement will support the development of domestic AI data centers (AIDC) and play a positive role in promoting the industry. This winning bid is of milestone significance, will bring significant business synergy and brand demonstration effects, and will further enhance the penetration rate of the company's full range of cable products within the operator ecosystem.

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