Time Interconnect to Fully Acquire Key Cable Supplier and Raise Caps on Connected Transactions

Time Interconnect Technology Limited (HK:1729) will acquire the remaining 51% of a key cable supplier for US$12.7 million, making it a wholly owned subsidiary. This acquisition will consolidate the supplier's assets into Time Interconnect's financials and enhance its control over cable supply operations. Additionally, a new supply agreement will raise annual caps on connected transactions with Luxshare Precision Group, pending independent shareholder approval. Time Interconnect, based in the Cayman Islands, focuses on cable and interconnect solutions for major electronics manufacturers.