HK Stock Market Move | ASIAINFO TECH (01675) rose more than 6% in early trading. Asiainfo Security Technologies has become the company's largest shareholder. Synergies are accelerating.

In early trading, ASIAINFO TECH (01675) rose more than 6%, and as of the time of writing, it was up 4.53% to HK$6.23, with a trading volume of 167.922 million Hong Kong dollars. On the news front, Asiainfo Security Technologies has completed the acquisition of 20.316% stake in ASIAINFO TECH for HK$1.385 billion in cash, and has also obtained an additional 9.605% voting rights held by Tian Suning and its affiliated parties through voting rights delegation. As a result, Asiainfo Security Technologies now holds approximately 280 million shares of voting rights, accounting for 29.9% of the issued share capital, becoming the largest shareholder of ASIAINFO TECH. GF Securities pointed out that with Asiainfo Security Technologies completing the acquisition of ASIAINFO TECH's equity, its latest shareholding ratio reaches 29.9%. In the future, as the two companies integrate, Asiainfo will truly become an enterprise that understands the Internet, cloud, and security, and will build a data production system integrating cloud, network, and security. From a customer perspective, ASIAINFO TECH focuses on digitalization for telecom operators, while Asiainfo Security Technologies specializes in network security for telecom operators. The two will work together to deepen their presence in the telecom operator market, particularly in the area of operator computing power networks, bringing huge market opportunities to the company.