Changes in Hong Kong stocks | Lanqi Technology (06809) opened more than 3% lower, and the company announced Yingxi and repurchase plans in response to South Korea's antitrust investigation

The Zhitong Finance App learned that Lanqi Technology (06809) opened more than 3% lower. As of press release, it fell 3.59% to HK$268.6, with a turnover of HK$10.5023 million.

According to the news, Lanqi Technology revealed three announcements in a row. Revenue for the first half of the year is expected to be 3.335 billion yuan, up 26.6% year on year; net profit is 1.9 billion yuan to 2.1 billion yuan, up 63.9% to 81.2% year on year. The chairman proposed that the company buy back A-shares for 300 million to 600 million yuan. The company's Korean office was searched and evidence collected at the South Korean prosecution's anti-monopoly site. Currently, the company is operating normally, and no one has been charged.

According to reports, yesterday, there was market news that the Fair Trade Investigation Department of South Korea's Seoul Central District Attorney's Office carried out a special raid, focusing on inspecting the offices of the three companies Lanqi Technology, Renesas Electronics of Japan, and Rambus of the United States in Korea. The investigation centered on the three companies suspected collusion and manipulated the price of memory interface chips in violation of South Korea's “Monopoly Regulations and Fair Trade Law”.