HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rose by over 5% as MLCC giants continue to raise prices. The company completed its first round of share buybacks and launched a second round of buybacks.

Chaozhou Three-Circle(Group)(06951) rose more than 5% again, and as of the time of writing, it is up 3.86% at HKD 102.3, with a transaction volume of HKD 17.5092 million. In terms of news, following the price hikes of MLCCs by Murata and Yageo in July, Taiyo Yuden recently notified its customers that it will increase prices for MLCC products starting this September, marking the second price increase by Taiyo Yuden this year, although specific increases were not disclosed. Samsung Electro-Mechanics also decided to raise the prices of all its MLCC products by 30% starting September 1. It is worth noting that on the evening of July 30, Chaozhou Three-Circle(Group) announced a second share buyback plan, intending to repurchase funds of no less than RMB 500 million and not exceeding RMB 1 billion. The company had just disclosed its first buyback plan on July 21, which stated the total buyback funds would be no less than RMB 450 million and not exceeding RMB 900 million. In just over a week, Chaozhou Three-Circle(Group) has completed the aforementioned first buyback. According to the changes in shares, the amount of the first buyback was RMB 890 million, repurchasing 8.5473 million shares.