HK Stock Market Move | Q TECH (01478) rose more than 3%, planning to sell 51.08% stake in Indian Qutai for 5.53 billion Indian rupees.

Q TECH (01478) rose more than 3%, as of the time of writing, it increased by 2.89%, reaching 14.61 Hong Kong dollars, with a turnover of 19.112 million Hong Kong dollars. In terms of news, Q TECH announced that on September 17, 2025 (after trading hours), India Qutite and the selling shareholders signed a share subscription and purchase agreement with Dixon, under which Dixon conditionally agreed to acquire a total of 51.08% of the issued share capital of India Qutite through the share purchase and subscription arrangements. The total consideration for the transaction is 5.53 billion Indian Rupees (equivalent to approximately 447 million RMB), including a consideration of 4.28 billion Indian Rupees (equivalent to approximately 346 million RMB) for the share purchase, and a consideration of 1.25 billion Indian Rupees (equivalent to approximately 101 million RMB) for the share subscription. Upon completion, the Group will retain 48.92% equity interest in India Qutite, and India Qutite will no longer be consolidated as a subsidiary of the company.