On May 22, Lens Technology rose 3.17% in regular trading, trading at HK$20.98 per share, with trading volume of approximately HK$99.28 million. The stock extended its recovery for a second consecutive session following a cumulative decline of over 8% in the prior two trading days.

The rebound comes after the company announced on May 18 its plan to acquire approximately 27.81% of Ju Teng International for HK$2.20 per share, totaling HK$734 million, with the intention of launching a full voluntary cash offer to gain controlling interest. The acquisition price represented a roughly 45.68% discount to Ju Teng's last closing price, triggering market concerns over the target's consecutive annual losses and potential financial burden. These worries, combined with profit-taking after a sharp 10%-plus rally on May 18 driven by foldable screen catalysts and a broker buy rating, pressured the stock lower for two days before stabilization began on May 21.

Today's continued rebound was supported by broad strength across the Electronic Components sector, with KB Laminates up 10.18%, VGT up 8.03%, FIT Hon Teng up 6.84%, and Sunny Optical up 2.04%, providing sector-wide tailwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)