Lens Technology (06613) shares climbed more than 3%, rising 3.26% to HK$18.07 as of press time, with turnover of HK$42.2258 million.
On the news front, Lens Technology issued an announcement stating that on October 16, 2026, the company (as buyer) signed a share purchase agreement with Mr. Lv Songshou (as seller), PMG International, Yuanshi Technology, and Lv Shaohua regarding the purchase of a 59.7805% stake in PMG International Co., Ltd. The company conditionally agreed to acquire approximately 2.989 million ordinary shares of PMG International held by Mr. Lv Songshou, representing 59.7805% of PMG International's total issued share capital, for a consideration of US$25 million. Upon completion of the acquisition, PMG International will become a controlling subsidiary of the company.
Currently, the target group has completed capacity expansion at the Songshan Lake park for AI server structural components and high-efficiency liquid cooling systems, has passed factory inspections by leading domestic and international customers and obtained formal orders, and is in the mass production ramp-up phase. The acquisition of the remaining 40.2195% equity interest in PMG International, including the transaction amount and transaction structure, will be further negotiated among the relevant parties based on PMG International's actual operating conditions, audit and evaluation results, and will be determined by both parties in a subsequent acquisition agreement. There is a certain degree of uncertainty, and the company will continue to disclose subsequent progress in accordance with regulations.
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