Hong Kong Stock Movement | TCL Electronics (01070.HK) rose over 4% in late trading as it acquires TCL Air Conditioning to optimize its business structure, with the company's valuation expected to be reshaped.

According to Zhito Finance APP, TCL Electronics (01070.HK) rose over 4% in late trading, bringing its cumulative increase for the year close to 70%. As of the time of writing, it is up 4.45%, trading at HKD 16.68, with a turnover of HKD 127 million.