Financial Wire

Lens Technology Says Shareholder to Increase Stake

-- Lens Technology (HKG:6613, SHE:300433) said an entity owned by its de facto controllers plans to increase its shareholding in the business, according to a Hong Kong bourse filing Friday.

Shares of the electronic components maker gained over 3% in Hong Kong morning trade Monday.

Changsha Qunxin Investment Consulting, which owns 288 million A shares representing 5.46% of the business, plans to buy more shares from the open market within 12 months.

Qunxin Investment will allocate at least 100 million yuan to buy shares.

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