HK Stock Market Move | DELTON (01989) fell more than 9% in the afternoon, with the company issuing 3.6 billion yuan in A-share convertible bonds and announcing a 6 billion yuan investment to expand production capacity.

DELTON (01989) fell more than 9% in the afternoon, and as of the time of writing, fell by 9.13% to 169.2 Hong Kong dollars, with a turnover of 183 million Hong Kong dollars. On the news front, DELTON announced plans to issue A-share convertible bonds to unspecified objects with a total fundraising amount not exceeding 3.6 billion yuan. At the same time, the company plans to invest 6 billion yuan in the construction of the "DELTON Dongguan Intelligent Manufacturing Headquarters Project". The project will be built in two phases, with an investment of 3 billion yuan in the first phase and another 3 billion yuan in the second phase, mainly engaged in the production, manufacturing, research and development, and sales of high-end equipment printed circuit boards. Public information shows that DELTON listed on the Hong Kong Stock Exchange on March 20 this year, with a net proceeds of 3.185 billion Hong Kong dollars. Zheshang pointed out that DELTON is one of the important top-tier manufacturers in the global server PCB field. The company is one of the few pure targets that truly benefit from the AI server PCB upgrade cycle. The layout of the "three sites and four factories" is gradually taking shape, and production capacity, delivery, and globalization capabilities are entering a new stage. The continuous iteration of the AI server platform is driving the company into a phase of "product upgrades + customer expansion" double benefits.