The Zhitong Finance App learned that New Focus (00360) rebounded more than 18%. As of press release, it rose 17.13% to HK$0.212, with a turnover of HK$11.2801 million.
According to the news, according to documents disclosed by the Hong Kong Stock Exchange on October 16, shareholder Luo Wei increased his holdings of 180 million H shares at an average price of HK$0.1 per share on October 10, worth about HK$18 million. Notably, from October 10 to October 17, the stock's biggest increase exceeded 2 times. After October 17, it fell for 3 consecutive days, and the stock price fell short of its recent high.
According to reports, New Focus recently announced that on October 6, Newfox Optoelectronics (Qingdao), a wholly-owned subsidiary, signed a construction agreement with the contractor. The contractor agreed to build an industrial park, including a new production plant for manufacturing electronic components for new energy vehicles, and other supporting facilities, at a cost of RMB 290 million.
In addition, Jinyi, an indirect non-wholly-owned subsidiary of the company, signed a purchase agreement with the seller Zheda Tongbo, covering the sale of a comprehensive fuel cell system production line and related equipment, as well as program design, debugging, training and guidance, and software platform development, deployment and commissioning services, at a total cost of RMB 298 million.