---
title: "Brief News: TIME INTERCON spent USD 13 million to acquire a 51% stake in LUXSHARE-ICT"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283933857.md"
description: "TIME INTERCON announced the acquisition of a 51% stake in LUXSHARE-ICT's joint venture LEONI Kabel for USD 12.7 million, after which it will hold 100% equity. The company was established in 2024 and focuses on overseas acquisitions, having previously acquired the LEONI LCS Group last year, which primarily engages in the development and sales of automotive cables. TIME INTERCON stated that this acquisition will enhance the management and operational efficiency of its automotive business, supporting continued growth. The company's stock price has nearly quintupled over the past year, opening at HKD 23.04 on Friday"
datetime: "2026-04-24T04:31:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283933857.md)
  - [en](https://longbridge.com/en/news/283933857.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283933857.md)
---

# Brief News: TIME INTERCON spent USD 13 million to acquire a 51% stake in LUXSHARE-ICT

Wire component supplier **TIME INTERCON** (1729.HK) announced on Thursday that it has acquired a 51% stake in the joint venture LEONI Kabel from LUXSHARE-ICT for USD 12.7 million. After the acquisition, TIME INTERCON will hold 100% equity.

The company was established by TIME INTERCON and LUXSHARE-ICT in 2024, primarily responsible for overseas acquisitions, and last July acquired the LEONI LCS Group, which is mainly engaged in the development, manufacturing, and sales of copper cables for power, signal, and data transmission used in automobiles.

The company stated that its core strategy has always been to actively seek diversified investment opportunities to reduce operational risks and support sustained growth. This full acquisition of LEONI Kabel will enable more effective resource allocation and enhance the management and operational efficiency of the group's automotive business segment.

TIME INTERCON opened flat at HKD 23.04 on Friday, having risen nearly fivefold from its low over the past year.

_Liu Zhiheng_

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