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

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-- 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.

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