Longcheer Technology (09611) saw its share price climb more than 6% during the trading session. At the time of writing, the stock was up 4.96%, trading at HK$25.40 with a turnover of HK$19.96 million.

The company recently announced that all preconditions outlined in the share transfer agreement for the acquisition of 60% equity stakes in Kejuncheng Precision and Jiya Metal (the target companies) have been satisfied. The share transfers and corresponding amendments to the articles of association for the target companies have been completed and registered with the relevant local market regulatory authorities. Consequently, the acquisition was finalized on June 12, 2026 (the completion date). Following the acquisition, the company, Mr. Wu Yutao, Mr. Xiong Dao'an, and an employee incentive platform hold direct stakes of 60%, 18.8%, 17.2%, and 4.0%, respectively, in each target company.

Analysts from Changjiang Securities noted that Kejuncheng Precision is a leading domestic manufacturer of high-precision metal etching technology, with end customers including major consumer electronics brands such as a key North American client. The company reported a net profit of RMB 133 million for 2025, representing significant year-on-year growth. This acquisition by Longcheer Technology is seen not only as enriching its client base but also as an entry into the high-growth thermal management sector, with potential for future expansion from consumer electronics downstream into other application areas.