On October 8, DELTON fell 3.03% in regular trading, trading at HK$121.9 per share, with turnover of HK$14.4395 million. The decline came despite news that the Shenzhen Stock Exchange accepted the company's application for a 3.6 billion yuan A-share convertible bond issuance.

According to public disclosures, DELTON plans to use the proceeds for cloud computing intelligent manufacturing base expansion and high-layer PCB production lines, aiming to strengthen its position in AI server PCBs. However, recent dense selling by foreign institutional investors has offset the expansion benefits, pressuring the stock. Filings show Fullgoal Fund, Value Partners, Greenwoods, and Barclays all reduced their holdings in late September, with long positions generally declining, indicating loosening institutional positioning.

The company mainly develops and sells printed circuit boards for servers, consumer electronics, industrial control, communications, and automotive electronics, with products sold domestically and internationally.

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