Jones Tech Plc (300684), a hot stock in the CPO concept sector, hit the 20cm daily price limit again on August 18, marking its third consecutive trading day at the limit-up.
As of the time of writing, the stock was trading at 97 yuan per share, giving it a total market capitalization of 29.1 billion yuan.
On the news front, on the evening of August 13, Zhongji Innolight announced it had signed a share transfer agreement with Jones Tech's controlling shareholders Wu Xiaoning, Ye Lu, and Han Wu. Under the agreement, Zhongji Innolight will acquire a combined 10.47% of the company's total shares in cash at a transfer price of 55.70 yuan per share, for a total transaction value of 1.747 billion yuan.
Prior to this transaction, Zhongji Innolight held no shares in Jones Tech. Upon completion, it will become a shareholder with more than 5% of the company's outstanding shares.
Zhongji Innolight stated in the announcement that it is primarily engaged in the R&D, production, and sales of high-end optical communication transceiver modules. Jones Tech's high-performance thermal conductive materials and EMI shielding materials can be widely applied in digital infrastructure sectors including 5G communications, next-generation advanced communications, data centers, and computing power centers.
Going forward, as the company's 800G, 1.6T and other high-end optical module products continue to ramp up in volume, power density will keep rising, driving significant incremental demand for heat dissipation. This is expected to generate strong synergies with Zhongji Innolight's business.
Boosted by the above news, Jones Tech's share price has surged in recent days. On August 17, the company announced that its stock had seen cumulative closing price gains exceeding 30% over three consecutive trading days from August 13, 14, and 17, meeting the criteria for abnormal trading fluctuations.
After review, the company confirmed that previously disclosed information requires no corrections or supplements, there is no undisclosed material information in recent public media reports, and no significant changes have occurred in the company's operations or internal and external environment. The company, its controlling shareholders, and actual controllers have no major matters that should be disclosed but have not been, or that are in the planning stage.
Jones Tech stated that on August 13, its controlling shareholders Wu Xiaoning, Ye Lu, and Han Wu signed the share transfer agreement with Zhongji Innolight. This matter has fulfilled disclosure obligations and is still subject to compliance confirmation by the Shenzhen Stock Exchange and transfer procedures with the Shenzhen branch of China Securities Depository and Clearing Corporation.
During the abnormal stock fluctuation period, the controlling shareholders and actual controllers did not engage in any buying or selling of the company's shares, and there was no violation of fair information disclosure requirements.
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