On May 29, Lens Technology fell 3.65% in regular trading, trading at HK$23.22/share, with trading volume of approximately HK$134 million.

On the news front, the stock had risen over 11% cumulatively from May 26 to May 28, driven by optimism around its acquisition strategy and AI-related business expansion. Short-term profit-taking pressure emerged following this rapid rally. Additionally, the company announced plans to acquire 27.81% of Giant International for HK$734 million at HK$2.20 per share — a 45.68% discount to the pre-suspension price — with intentions to launch a general offer for majority control. However, Giant International has posted consecutive annual losses for three years, with cumulative losses exceeding HK$1 billion and revenue declining from nearly HK$10 billion in 2021 to HK$5.7 billion. Market participants have expressed concerns over the financial return profile of integrating a persistently loss-making entity, particularly as Lens Technology itself reported a net loss in Q1 with revenue down 17.13% year-over-year.

(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.)