Lens Technology Surges Over 9% on Strategic Acquisition to Enter Hollow-Core Fiber Market

Stock News
06/15

Shares of Lens Technology Co., Ltd. (HKEX: 06613) have surged more than 9%. At the time of writing, the stock is up 8.59% to HK$25.54, with a trading turnover of HK$580 million.

The significant increase follows a strategic move by the company. Its wholly-owned subsidiary, Lens Optoelectronic, has acquired a controlling stake in Tongsheng Optoelectronics. This acquisition marks a key step for Lens Technology in expanding its core optoelectronic technology and production capacity layout within the high-end optoelectronic hardware sector.

Strategic Integration and Technology Enhancement

The hollow-core fiber and optical sensing devices from Tongsheng Optoelectronics will bolster Lens Optoelectronic's technological portfolio. This move further enriches the subsidiary's comprehensive capabilities in optical waveguides, optical transmission, and optical sensing products. It effectively integrates the entire industrial chain from "precision structural manufacturing" to "high-end optoelectronic components."

Leveraging Global Resources for Growth

The company plans to fully utilize Lens Technology's global customer resources and manufacturing capabilities. This strategy is aimed at accelerating the large-scale implementation of high-end optoelectronic products, injecting new momentum into Lens Technology's high-quality development.

Profile of the Acquired Company

Tongsheng Optoelectronics is a leading domestic enterprise in the hollow-core fiber field. It holds foundational patents for anti-resonant hollow-core fiber structures and 21 key process patents. The company possesses self-developed high-precision graphite furnaces and pressure control algorithms, giving it full-process independent capabilities from design and drawing to measurement. Its products cover communications, AI computing power, sensing, energy transmission, and medical fields, with several technologies filling domestic gaps.

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