Lens Technology to buy 28% of Ju Teng for HK$734 million

Lens Technology Co. agreed to buy a 27.81% stake in Ju Teng International Holdings Ltd. for approximately HK$734.2 million, paving the way for a potential takeover of the electronic components maker.

The terms were disclosed in a sale and purchase agreement signed on May 18, 2026, according to a company announcement. Shares of Lens Technology (06613.HK) opened 3.48% higher at HK$24.38 following the news, while Ju Teng International (03336.HK) resumed trading and opened flat at HK$4.05.

Under the agreement, Lens Technology is purchasing the stake from existing vendors at HK$2.20 per share. Following the initial purchase, Lens will launch a pre-conditional voluntary general cash offer to acquire all remaining Ju Teng shares at the same price. The offer is contingent on acceptances that would result in Lens and its concert parties holding more than 50% of Ju Teng’s voting rights.

The acquisition gives Lens, a mainland Chinese glass and components maker, a significant foothold and potential majority control over a Hong Kong-listed peer in the technology hardware supply chain. Ju Teng manufactures casings for notebooks, mobile devices, and other electronics. The move signals a strategic consolidation push by Lens Technology to integrate more of the supply chain. Investors will be watching for the success of the general cash offer and any potential synergies announced by the combined entity.

This article is for informational purposes only and does not constitute investment advice.