Movement Alert｜Lens Technology Rises 3.75% in Regular Trading, Stabilizing After Two-Day Correction Following Ju Teng International Acquisition Announcement

Market Focus05-21

On May 21, Lens Technology (06613.HK) rose 3.75% in regular trading, trading at HK$21.0/share, with trading volume of approximately HK$71.09 million.

The rebound comes after the stock experienced a cumulative decline of over 8% across two consecutive sessions following its announcement to acquire 27.81% of Ju Teng International for HK$734 million at HK$2.20 per share, with plans to launch a mandatory general offer seeking over 50% voting control. Market participants had been divided over the large cash outlay and the target's persistent losses, while prior gains exceeding 10% — driven by foldable screen catalysts and broker upgrades on May 18 — amplified profit-taking pressure.

The electronic components sector strengthened broadly, with FIT Hon Teng up 2.21%, Sunny Optical up 2.55%, and VGT up 3.53%, providing supportive sector-level momentum that attracted capital back into Lens Technology.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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