MOST KWAI CHUNG (01716) saw its shares surge nearly 42% in the afternoon session, reaching an intraday high of HK$6.16, marking a new peak for the year. At the time of writing, the stock was up 38.5%, trading at HK$5.9 with a turnover of HK$64.3943 million.

The movement follows comments from Ma Liyang on April 24. In a telephone conversation, Ma stated that the acquisition of MOST KWAI CHUNG is an independent capital operation and will not create competition with ST Jinglan. He also clarified there are currently no plans for MOST KWAI CHUNG to operate indium industry projects. This dialogue marks Ma's first public remarks since completing the acquisition of a 65% stake in the Hong Kong-listed company.

Ma further emphasized that the acquisition is a standalone capital maneuver, with no funds from the listed company ST Jinglan being used. The two companies remain entirely separate in terms of assets, finance, personnel, and business operations, with no overlapping competition.

Ma highlighted that the core rationale behind the acquisition is to establish a dual capital platform system encompassing "A-shares + overseas markets." The A-share platform will leverage the indium industry chain system Ma has built over the years, utilizing resources from the mainland capital market to develop a high-tech new key materials business centered on the indium industry chain. The overseas platform aims to create a financing and capital operation system geared towards the global capital markets, enabling efficient fundraising directly from international investors and deploying capital into overseas projects.