HK Stock Market Move | COMBA (02342) rose by more than 10% after introducing new shares to introduce Yi Lei and Intel. Launch a brand-new generation of 5G NR macro base station.

COMBA (02342) rose more than 10% in the afternoon trading, closing at an increase of 10.34% at 1.6 Hong Kong dollars with a trading volume of 37.4228 million Hong Kong dollars. On the news front, COMBA previously announced that the company will issue approximately 341 million new shares at a price of 1.09 Hong Kong dollars per share to two investors, Yilei (Ocean Link Investment Limited) and Intel, raising approximately 372 million Hong Kong dollars. It is worth noting that Securities Times previously reported that Yilei shares the same name with the son of a chairman of a listed Apple supplier, leading to speculation about Yilei's identity, but the announcement did not provide further information about Yilei. In addition, the 2025 World Mobile Communications Congress (MWC 2025) will be held in Barcelona, Spain from March 3rd to 6th. COMBA's new generation 5G NR small cell station made its first appearance at the exhibition. The company stated that the 5G NR small cell station is another major breakthrough in COMBA's innovation in next-generation communication technology. By providing faster, more stable, and cost-effective connectivity, COMBA is accelerating the future evolution of indoor 5G networks.