Stock Track | LENS Soars 6.22% Intraday on Controlling Shareholder's Buyback Plan with Bank Financing Support

Stock Track05-06 10:57

LENS (06613) soared 6.22% during intraday trading on Wednesday, driven by a major share repurchase initiative from its controlling shareholders.

The company's actual controllers, Ms. Zhou Qunfei and Mr. Zheng Junlong, through their entity Qunxin Company, plan to increase their holdings of the company's A-shares with a minimum purchase amount of RMB 100 million. This plan is backed by a Loan Commitment Letter from CITIC Bank's Changsha branch, providing up to RMB 90 million in financing specifically for the share acquisition.

This move demonstrates strong confidence in the company's future development and is intended to protect minority investor interests and boost market sentiment. The positive momentum was further supported by recent share accumulation from institutional investor JPMorgan Chase.

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