According to Zhitong Finance APP, Huabao International (00336) rose more than 4%, and as of press time, it was up 2.81% at HK$3.655, with a turnover of HK$13.5561 million.

On the news front, recently, Huabao International issued an announcement that Nocton, World Concept, Boyuan, and Boyuan Hong Kong signed a share transfer agreement. Based on strategic planning and business development needs, Nocton and World Concept (wholly-owned subsidiaries of the company, acting as buyers) agreed to acquire, for a total consideration of RMB 90 million in cash, from Boyuan and Boyuan Hong Kong (acting as sellers), their combined 100% equity interest in the target company PT. Broad Far Indonesia. After the completion of this transaction, Nocton and World Concept will hold 99% and 1% equity interests in the target company, respectively.

Currently, the group's tobacco-related business mainly focuses on the upstream tobacco raw materials segment, covering tobacco sheets, flavors, capsules, and other tobacco raw materials categories; while the target company focuses on OEM/ODM production and processing of HNB cartridges, positioned in the midstream of the industry chain. This acquisition will effectively fill the group's capability gap in the midstream manufacturing segment, promote the formation of a vertically integrated structure of "upstream raw materials + midstream manufacturing," and facilitate synergy between the group and the target company in raw material supply, product research and development, production and manufacturing, and market expansion.