Movement Alert|Guanghe Technology Rises 3.2% in Regular Trading, Convertible Bond Expansion Plan Combined with PCB Sector Strength

Market Focus06-29

On June 29, Guanghe Technology rose 3.2% in regular trading, reaching HKD 201.2 per share with turnover of HKD 91.997 million. The move was driven by a convergence of expansion signals and sustained strength in the PCB sector.

On the news front, the company recently announced plans to issue up to RMB 3.6 billion in A-share convertible bonds, with approximately 79% of proceeds directed toward AI computing-related capacity expansion. Simultaneously, the company unveiled a RMB 6 billion investment to build a smart manufacturing headquarters in Dongguan. HKEX filings revealed that Fullgoal Fund increased its stake on June 18 to 5.17%, reinforcing institutional confidence.

At the industry level, AI computing demand continues to drive PCB price increases. The company has completed PCIe 6.0 and high-end AI server board certification, securing positions in global top-tier server manufacturer supply chains. Its Thailand factory achieved profitability immediately upon commissioning, accelerating global capacity deployment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment