Guanghe Tongxun surges nearly 14% in early trading; company plans to acquire control of Hangsheng Electronics through cash payment

SadMoneyMeow

2026-03-25 09:08:58

Abstract generation in progress

Guanghe Tong (00638) surged over 23% intraday. As of the time of writing, the stock price increased by 13.56%, currently trading at HKD 13.65, with a turnover of HKD 149 million.

Guanghe Tong announced that the company is planning to acquire the control of Hangsheng Electronics with cash. The transaction price and acquisition ratio are subject to further discussion and negotiation. After the completion of this transaction, Hangsheng Electronics will become a controlling subsidiary of the company.

Public information shows that Hangsheng Electronics is a leading enterprise in China’s automotive electronics industry. According to data from the GAC Automotive Research Institute, it ranks third in industry installation volume among central control screen integrated suppliers and eighth among automotive LCD instrument panel suppliers.

(Edited by: Guo Jiandong)

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