Changes in Hong Kong stocks | Junzhi Group (01300) is nearly 15% and plans to spend 455 million yuan to acquire 100% of Qinghai Zhongli Optical Fiber Technology's shares

The Zhitong Finance App learned that Junzhi Group (01300) rose more than 14% in early trading. As of press release, it rose 14.81% to HK$2,325, with a turnover of HK$1.461,000.

According to the news, Junzhi Group announced that the subsidiary Jiangsu Junzhi Technology Co., Ltd. acquired 100% of the shares of Qinghai Zhongli Optical Fiber Technology Co., Ltd. from Qinghai Qingyin Project Management Co., Ltd. through a bid on the Chongqing Property Exchange Network, at a cost of RMB 455 million.

Target Company is mainly engaged in the production and sale of optical fiber prefabricated rods, optical fibers and optical fiber connectors, while its wholly-owned subsidiary (that is, Target subsidiary) is mainly engaged in research and development of optical fiber prefabricated rods, optical fibers, and optical fiber connectors. After the acquisition is completed, the target company and target subsidiary (Qinghai Optical Communication Materials Engineering Technology Research Center Co., Ltd.) will each become an indirect wholly-owned subsidiary of the company.