On June 8, Lens Technology fell 4.09% in regular trading, trading at HK$26.34/share, with trading volume of HK$187 million, extending its recent weak trend.
On the news front, the company previously announced plans to acquire 27.81% of Ju Teng International at HK$2.20 per share, involving approximately HK$734 million in capital, which will trigger a mandatory general cash offer to obtain over 50% voting rights. Industry analysts noted the move aims at supply chain positioning to integrate AI hardware precision manufacturing capabilities, but market concerns over the resulting cash flow pressure persist.
Adding to the bearish sentiment, the company reported weak Q1 results with revenue of approximately RMB 14.14 billion, down 17.13% year-over-year, and a net loss attributable to shareholders of approximately RMB 150 million, turning from profit to loss compared with the same period last year. The combination of acquisition-related financial burden and deteriorating fundamentals has intensified selling pressure, with the stock declining for multiple consecutive sessions since early June.
(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.)
Comments