Changes in Hong Kong stocks | Lingyi Intelligent Manufacturing (01688) rose more than 11% at the end of the session. The company plans to spend 4 billion dollars to participate in the Fortis Jiashan restructuring and enter the optical communications sector

The Zhitong Finance App learned that Lingyi Intelligent Manufacturing (01688) rapidly turned up at the end of the session, and its stock price soared by more than 11%. As of press release, it rose 10.25% to HK$7.53, with a turnover of HK$289 million.

According to the news, Lingyi Zhizao plans to participate in Fortis Group's restructuring investment at a cost of no more than 4 billion yuan to obtain control and management rights for assets related to Fortis Jiashan. According to reports, Fortis Jiashan is one of the few core enterprises in China with complete self-development and production capabilities of “optical rod-fiber-optical cable”. In addition, the company acquired 35% of Liminda's shares and was entrusted with voting rights for 875 million yuan, controlling a total of 52.78% of voting rights. Liminda is the core supplier of liquid cooling for AI servers. It has obtained Nvidia AVL certification and entered its leading supply chain.

Changjiang Securities released a research report saying that Lingyi Intelligent Manufacturing is using “hard core physical layer hardware” as a starting point to deeply integrate into the core supply chain of global AI computing power. By absorbing high-quality restructuring assets (Fortis Jiashan) and leading technology (Liminda), Lingyi's moat on the AI computing infrastructure circuit has begun to take shape, and it is expected to open up a very explosive second growth curve in addition to end-side AI.