HK Stock Market Move | FIH (02038) rose nearly 7% in the afternoon. Recently, its subsidiary Lingfu plans to further invest in Fushan, Vietnam.

FIH (02038) rose nearly 7% in the afternoon, as of the press release, it rose 6.74%, closing at HK$23.74, with a turnover of HK$58.2521 million. On the news front, recently, FIH announced that Chief Expertise Limited ("Chief Expertise"), a wholly-owned indirect subsidiary of the company registered in the British Virgin Islands, has injected funds into Fushan Technology (Vietnam) Limited Liability Company ("Fushan"), a direct wholly-owned subsidiary of Chief Expertise registered in Vietnam. Chief Expertise hereby announces its intention to further inject funds into Fushan, with a total amount of USD 58.324 million (equivalent to approximately 1,524,356,064,000 Vietnamese dong), to be used as long-term investment in Fushan's operational and general corporate purposes ("the Fifth Proposed Injection"). The Fifth Proposed Injection is currently expected to be completed by the end of June 2026. Fushan's main business includes manufacturing, processing, and assembly services for mobile devices and audio equipment, computer equipment, optical equipment, wearable devices (including smart wristbands and watches), electronic and telecommunications equipment, as well as related repair services.