HK Stock Market Move | Lens Technology (06613) rises over 3%, plans to acquire 59.7805% equity interest in PMG International

Lens Technology (06613) rose over 3%, up 3.26% as of press time at HK$18.07, with a turnover of HK$42.2258 million. On the news front, Lens Technology issued an announcement that on October 16, 2026, the company (as buyer) signed a "Share Purchase Agreement regarding 59.7805% of the shares of PMG International Co., Ltd." with Mr. Lv Songshou (as seller), PMG International, Yuanshi Technology and Lv Shaohua. The company has conditionally agreed to purchase approximately 2.989 million ordinary shares of PMG International held by Mr. Lv Songshou, representing 59.7805% of the total issued share capital of PMG International, for a consideration of US$25 million. Upon completion of the acquisition, PMG International will become a controlled subsidiary of the company. Currently, the target group has completed capacity expansion for AI server structural components and high-efficiency liquid cooling systems at the Songshan Lake park, has passed factory audits by leading domestic and international customers and obtained formal orders, and is in the ramp-up phase of mass production. The acquisition of the remaining 40.2195% equity interest in PMG International, including the transaction amount and transaction plan, will be subject to further negotiation among the relevant parties based on PMG International's actual operating conditions, audit and valuation results, and will be determined by both parties in a subsequent acquisition agreement. There is a certain degree of uncertainty, and the company will continue to disclose subsequent progress in accordance with regulations.