---
title: "Time Interconnect to Fully Acquire Key Cable Supplier and Raise Caps on Connected Transactions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283840826.md"
description: "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."
datetime: "2026-04-23T13:12:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283840826.md)
  - [en](https://longbridge.com/en/news/283840826.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283840826.md)
---

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

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Time Interconnect Technology Limited ( (HK:1729) ) has shared an update.

Time Interconnect Technology Limited has agreed to acquire the remaining 51% stake in a target company it does not already own for an initial consideration of US$12.7 million, making the target a wholly owned subsidiary. Following completion, the target group’s assets, liabilities and results will be fully consolidated into the group’s financial statements, strengthening Time Interconnect’s control over its cable supply operations.

Because the target group is a key supplier of cable products to Luxshare Precision Group, the acquisition will turn these supplies into continuing connected transactions under Hong Kong listing rules. Anticipating higher demand from Luxshare Precision, Time Interconnect has also entered into a second supplemental master supply agreement to raise existing annual caps, and both the acquisition and revised caps are subject to independent shareholders’ approval as major and connected transactions.

**More about Time Interconnect Technology Limited**

Time Interconnect Technology Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the cable and interconnect solutions industry. Through its subsidiaries, it supplies cable products, including raw material cable components, to major electronics manufacturers, with a notable commercial relationship with Luxshare Precision and a focus on serving growing demand in this supply chain.

**Average Trading Volume:** 18,711,550

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$45.8B

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