HK Stock Market Move | TRIGIANT (01300) rises over 8%; subsidiary pre-wins CHINA TOWER's 2026 centralized procurement project for power cable (copper cable) products.

TRIGIANT (01300) rose over 8%, up 8.14% as of press time to HK$2.06, with turnover of HK$6.5296 million. On the news front, TRIGIANT announced that on October 22, 2026, CHINA TOWER published via its online business platform the public announcement of the selection results for CHINA TOWER's 2026 centralized procurement project for power cable (copper cable) products (hereinafter referred to as the bid-winning announcement), and Jiangsu Junzhi Technology Co., Ltd. (hereinafter referred to as Junzhi Technology), a wholly-owned subsidiary of the Group, is a relevant bid-winning candidate. Junzhi Technology's bid price for this tender was RMB326 million excluding tax. The announcement stated that CHINA TOWER is one of the Group's major customers, and power cable (copper cable) is also one of the Group's main traditional products since its establishment nearly twenty years ago. Since the beginning of this year, the Group's power cable orders have achieved substantial growth, mainly benefiting from the transformation of domestic AI data center (AIDC) application scenarios and the continued advancement of the computing infrastructure construction wave. In addition, in response to the rapid growth of global artificial intelligence (AI) computing demand, the Group is making high-intensity strategic investments to fully step up its business layout in the AIDC segment.