HK Stock Market Move | Luxshare Precision Industry's two acquisitions broaden its industry chain layout. KFM KINGDOM (03816) rises over 13%. TRIO IND ELEC (01710) rises over 12%.

KFM KINGDOM (03816) and TRIO IND ELEC (01710) extended their gains today. As of press time, KFM KINGDOM rose 8.56% to HK$5.075, while TRIO IND ELEC gained 7.27% to HK$1.77. On the news front, Luxshare Precision Industry recently announced two acquisition plans. The company intends to acquire a 57% stake in KFM KINGDOM for approximately HK$684 million, while simultaneously subscribing for approximately HK$252 million in zero-coupon convertible bonds issued by KFM. In addition, Luxshare Precision Industry plans to acquire a 75% stake in Hong Kong-listed TRIO IND ELEC. If the potential transaction is completed, it may trigger a mandatory general cash offer. Analysts noted that from an industrial logic perspective, the acquisition of TRIO IND ELEC is intended to strengthen Luxshare's manufacturing capabilities in industrial power supplies and electromechanical components, serving the two strategic directions of AI hardware and automotive electronics, and improving its vertical supply chain layout. The acquisition of KFM is aimed at filling gaps in precision metal structural components and stamping capabilities, and is expected to leverage KFM's Malaysian manufacturing base and expansion plans to accelerate the company's production capacity expansion in Southeast Asia.