HK Stock Market Move | RONGTA TECH(09881) rose more than 16% in the closing session. The company plans to acquire Yenke Digital, a printing equipment company, for no more than 65 million RMB.

RONGTA TECH (09881) rose more than 16% at the close of trading, with a 15.59% increase as of the time of writing, trading at 15.2 Hong Kong dollars, with a total transaction value of 3.9298 million Hong Kong dollars. In terms of news, RONGTA TECH announced that it plans to acquire all the issued shares of Shenzhen Yankai Digital Co., Ltd. for no more than RMB 65 million. The announcement stated that Yankai Digital is mainly engaged in the research and development and production of printing equipment. After the possible acquisition is completed, the company will effectively integrate the target company's advantageous resources in the field of embedded systems and modules. The target company has long maintained a leading position in the Chinese market, holding a high market share and enjoying a good brand reputation. Currently, the group has not yet conducted large-scale business in this product line. Through this acquisition, the company will quickly improve its embedded and module product lines, further enhance the overall product portfolio completeness and market competitiveness.