HKG:1729

Time Interconnect Technology's H1 Attributable Profit, Revenue Soar

Time Interconnect Technology (HKG:1729) reported HK$827.6 million in profit attributable to owners for the first half, compared with HK$314 million a year ago, a Friday bourse filing showed.EPS moved to HK$0.3808 from HK$0.1555 year over year.For the six months ended June 30, revenue was HK$10.1 billion, versus HK$4.85 billion previously, the electrical components maker said.The company declared an interim dividend of HK$0.06 per ordinary share for the period, payable to shareholders of record as of Sept. 16.

Time Interconnect Completes Acquisition of Remaining Stake in Singapore Unit

Time Interconnect Technology (HKG:1729) completed the acquisition of the remaining 51% stake in Time Interconnect Singapore on July 31, making the unit a wholly owned subsidiary.The company paid an initial cash consideration of $12.7 million upon completion, according to a Friday Hong Kong bourse filing.The final purchase price will be adjusted based on the subsidiary's net asset value at completion, with the total consideration capped at $40 million.

Guosheng Securities Starts Time Interconnect Technology at Buy With $HK31 Price Target

Time Interconnect Raises HK$2.88 Billion from Share Placement

Time Interconnect Technology (HKG:1729) completed the placing of nearly 138.1 million shares to raise net proceeds of around HK$2.88 billion, according to a Tuesday Hong Kong bourse filing.The shares, representing 6.19% of the cable assembly business' enlarged issued share capital, were issued to at least six investors at a net issue price of HK$20.89 apiece.The firm will use proceeds for global business expansion, repayment of bank borrowings, strategic investments and acquisitions, working capital, and general corporate purposes.

Time Interconnect Technology to Raise HK$2.9 Billion via Share Placement

Time Interconnect Technology (HKG:1729) agreed to place 138.1 million new shares at HK$21 each, raising net proceeds of about HK$2.88 billion, according to a Tuesday Hong Kong bourse filing.The placing price represents a discount of about 13.6% to the last closing price and about 5.9% to the five-day average.The new shares account for about 6.6% of the company's existing issued share capital.Time Interconnect plans to use the proceeds for global business development and overseas expansion, for repayment of bank borrowings and balance sheet enhancement, and for strategic investments and acquisitions.The company expects to place the shares with at least six independent investors under its general mandate, with no shareholder approval required.

Time Interconnect to Buy Remaining 51% of Time Interconnect Singapore; Shares Slip 6%

Time Interconnect Technology (HKG:1729) has agreed to acquire the remaining stake in Time Interconnect Singapore from its controlling shareholder, Luxshare Precision Industry (SHE:002475), according to a Thursday Hong Kong bourse filing.Shares of the cable assembly business were down nearly 6% in Friday afternoon trade.The acquisition is valued at $12.7 million, the filing said.Time Interconnect Singapore is currently owned 49% by the company and 51% by Luxshare Precision.Separately, the company said it has entered into a supplemental agreement with Luxshare Precision Industry to revise annual caps for continuing transactions.The revised caps were increased to HK$3.5 billion for 2026, HK$5.3 billion for 2027, and HK$5.8 billion for 2028.