HK Stock Market Move | CONANT OPTICAL (02276) rose by over 6%, with the stock price doubling in the short term. Gole's shareholding has exceeded 22%.

CONANT OPTICAL (02276) rose more than 6% in the morning session, and the stock price has doubled since December 11th. As of the time of writing, it has increased by 1.2% to 25.2 Hong Kong dollars, with a trading volume of 2002.14 million Hong Kong dollars. On the news front, on December 23rd, CONANT OPTICAL announced plans to issue 53.25 million shares to Hong Kong Goertek Inc. (an indirectly wholly-owned subsidiary); on December 29th, CONANT OPTICAL announced that Hong Kong Goertek had negotiated the acquisition of no more than 42.8 million shares from certain existing shareholders of the company (excluding the controlling shareholder). After the increase, the latest shareholding ratio is 22.53%. Guotai Junan pointed out that the company's active layout in the smart glasses business will benefit from the acceleration of industry development. AI smart glasses are the best hardware carriers for AI applications, and the industry has entered a rapid development period. The company's cooperation projects are proceeding smoothly, and it will be the first to benefit from the industry. Shenwan Hongyuan Group stated that the smart glasses industry is flourishing, and the company actively positioning itself with a first-mover advantage. Goertek plans to continue subscribing to and acquiring the company's shares, demonstrating industry recognition of the supply chain, and is expected to empower the company's related business development and open up future growth opportunities.