HK Stock Market Move | GON TECHNOLOGY (02768) once fell more than 20%, the company's A-shares hit the limit down this morning, plans to acquire 80% equity of Zhongfuneng for RMB 1.504 billion.

GON TECHNOLOGY (02768) once fell more than 20%, and the company's A-shares Qingdao Gon Technology hit the limit down this morning. As of press time, it fell 18.04% to HK$36.62, with a turnover of HK$97.4028 million. On the news front, on the evening of October 12, GON TECHNOLOGY announced that on October 11 it entered into an equity acquisition agreement with Lai Minggui and Sichuan Zhongfuneng New Material Technology Co., Ltd., proposing to acquire 80% equity of Zhongfuneng for RMB 1.504 billion in cash. After the completion of this transaction, Zhongfuneng will become a controlled subsidiary within the scope of the company's consolidated financial statements. Zhongfuneng's core products include sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride. This acquisition will help the company enter the high-barrier, high-value-added field of high-purity electronic specialty gases, and can form cyclical complementarity with the company's current downstream application sectors such as home appliances and automobiles, which are relatively consumer-oriented industries. It is reported that the overall valuation of the target this time is RMB 1.88 billion, with an appraisal appreciation rate of 200.07%. It should be noted that in January this year, Haohua Gas Co., Ltd. sued Zhongfuneng, Lai Minggui, and 3 employees for infringement of trade secrets; in April 2026, Zhongfuneng filed a civil lawsuit regarding commercial defamation. Both lawsuits are currently under trial.