---
title: "BRIEF: Time Interconnect buys out LUXSHARE-ICT joint venture"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284034347.md"
description: "Cable component supplier Time Interconnect Technology Ltd. announced on Thursday that it has acquired the 51% stake held by Luxshare Precision in their joint venture Leoni Kabel for $12.7 million. After the transaction is completed, Time Interconnect will fully own the joint venture. The joint venture was established in 2024 and is primarily responsible for overseas acquisitions. In July of last year, it acquired Leoni LCS, a company that produces copper cables for transmitting power, signals, and data in automobiles. Time Interconnect stated that fully owning Leoni Kabel will help diversify its investment opportunities, reduce operational risks, and maintain growth"
datetime: "2026-04-24T16:16:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284034347.md)
  - [en](https://longbridge.com/en/news/284034347.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284034347.md)
---

# BRIEF: Time Interconnect buys out LUXSHARE-ICT joint venture

Cable component supplier **Time Interconnect Technology Ltd.**(1729.HK) **said** on Thursday it bought out the 51% stake in its Leoni Kabel joint venture held by partner Luxshare Precision for $12.7 million. Following the transaction, Time Interconnect owns 100% of the venture.

Time Interconnect and Luxshare Precision established the joint venture in 2024 primarily to handle overseas acquisitions. Last July it acquired Leoni LCS, which makes copper cables for transmitting electrical power, signals and data in automobiles.

The company said it has consistently pursued diverse investment opportunities to mitigate operational risks and sustain growth. Securing full ownership of Leoni Kabel, it said, will enable more efficient resource allocation and enhance management and operational efficiency within its automotive business segment.

Shares of Time Interconnect opened flat at HK$23.04 on Friday. The stock is up sixfold from its 52-week low.

_By Lau Chi Hang_

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