On July 24, LUXSHARE ICT rose 3.05% in regular trading, trading at 60.85 HKD/share, with turnover of 185 million HKD.
On the news front, the latest HKEX disclosure of interests shows Goldman Sachs Group increased its holdings in LUXSHARE ICT on both July 15 and July 17, purchasing approximately 5.15 million shares in aggregate for a total of approximately 306 million HKD, lifting its stake to 16.68%. Simultaneously, the mid-year report of Xingquan Herun Fund managed by star fund manager Xie Zhiyu revealed LUXSHARE ICT as its top holding, accounting for 7.92% of the portfolio. The resonance between consecutive institutional accumulation by a major international investment bank, heavy positioning by a prominent fund manager, and the company's active communication regarding capacity expansion plans through facility construction, process upgrades, and global deployment has collectively supported the share price.
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