HK Stock Market Move | ANDRE JUICE (02218) opened 15% higher, planning to acquire a cross-border integrated circuit material enterprise.

Andre Juice (02218) opened 15% higher, rising 15% to HKD 26.22 as of press time, with a turnover of HKD 4.6541 million. On the news side, on the evening of June 15th, Yantai North Andre Juice announced that the company had signed a "Equity Transfer Framework Agreement" with the shareholders of Ningbo Yongqiang Technology Co., Ltd. (referred to as Yongqiang Technology below), intending to acquire the controlling rights of the target company for a total consideration of 600 million to 800 million yuan to enter the high-speed, high-frequency, and BT (a type of high-performance circuit board substrate material) market for substrate materials. The announcement also emphasized that there is still considerable uncertainty in the transaction, it is currently only an intention agreement, the specific amount and terms need further negotiation, and whether it can proceed smoothly remains to be observed. Yongqiang Technology's main products are electronic information interconnect materials, including copper-clad laminates and semi-cured sheets. Electronic information interconnect materials are core materials for making printed circuit boards. Yongqiang Technology has a production capacity of 10 million square meters of high-speed, high-frequency, and BT type substrate electronic information interconnect materials in the integrated circuit industry cluster base in Beilun District, Ningbo City.