Changes in Hong Kong stocks | Follett Glass (06865) rose more than 5% in early trading, the company plans to acquire 60% of Flay Ruicheng's shares to increase the field of new materials

The Zhitong Finance App learned that Follett Glass (06865) rose more than 5% in early trading. As of press release, it had risen 4.75% to HK$7.72, with a turnover of HK$687.327 million.

According to the news, Follett announced that the company plans to use its own capital of about 6.04 million yuan to acquire 60% of Fulai Ruicheng's shares. After the acquisition is completed, it will achieve 100% control and achieve integrated business collaboration. According to reports, Fulai Ruicheng's main business covers research and development of new material technology, manufacturing of technical glass products, sales of functional glass and new optical materials.

Furthermore, on July 31, the General Administration of Market Regulation launched price compliance guidance for the photovoltaic industry in Yancheng, Jiangsu. The conference emphasized the need to implement the decisions and arrangements of the Party Central Committee and the State Council to thoroughly rectify “internal” competition and push photovoltaic companies to shift from “price competition” to “quality competition.” The General Administration of Market Regulation requires enterprises to take the initiative to strengthen cost accounting management, establish and improve price compliance systems, carry out comprehensive self-inspection and self-examination, and resist vicious low price competition. Business entities that respond strongly to the industry and are reminded that interviews are still not being rectified will be dealt with seriously in accordance with the law.