HK Stock Market Move | Zhongji Innolight (03308) rose nearly 4%, planning to acquire 10.47% of Jones Tech Plc's shares in cash.

Zhongji Innolight (03308) rose nearly 4%, currently up 2.28% at HKD 1,168, with a trading volume of HKD 402 million. In terms of news, Zhongji Innolight announced that based on its recognition of the long-term investment value of Beijing Zhongshi Weiye Technology Co., Ltd. (hereinafter referred to as "Jones Tech Plc" or "the target company"), the Company has signed the "Share Transfer Agreement regarding Beijing Zhongshi Weiye Technology Co., Ltd. between Wu Xiaoning, Ye Lu, and HAN WU with Zhongji Innolight Co., Ltd." on August 13, 2026, with Mr. Wu Xiaoning, Ms. Ye Lu, and Mr. HAN WU (hereinafter referred to as "the transferors"), under which the Company intends to acquire in cash 31,372,500 shares (unrestricted tradable shares) held by the transferors, representing 10.47% of the total capital of Jones Tech Plc. The Company mainly engages in the research, development, production, and sales of high-end optical communication transceiver modules, while Jones Tech Plc focuses on the research, development, production, and sales of high-performance thermal conductive materials and EMI shielding materials. Its products can be widely applied in various sub-sectors of digital infrastructure, including 5G communications, next-generation advanced communications, data centers, and computing power centers. In the future, with the continuous release of the Company's high-end optical module products such as 800G and 1.6T, the power density is expected to continue to rise, leading to a significant increase in cooling demands, which is anticipated to generate a strong synergy with the Companys business.