On June 26, Guanghe Technology rose 3.96% in regular trading, trading at 199.0 HKD/share, with turnover of 105 million HKD. The rally was driven by institutional buying signals and aggressive capacity expansion plans.
According to HKEX equity disclosures, Fullgoal Fund increased its holdings by 185,400 shares on June 18 at an average price of 182.379 HKD per share, raising its stake from 4.77% to 5.17%, involving approximately 33.81 million HKD. Meanwhile, the company recently announced plans to invest 6 billion yuan in a Dongguan Smart Manufacturing Headquarters project and to issue up to 3.6 billion yuan in A-share convertible bonds, with approximately 79% of proceeds allocated to computing power-related capacity. The stock had previously retreated from its near-one-year high of 206.66 HKD hit on June 17, and has been recovering since June 25 when its A-shares surged 9.13% and H-shares gained 11.56%.
(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.)
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