The Zhitong Finance App learned that Sanhuan Group (06951) rose by more than 10%. As of press release, it had risen 10.98% to HK$102.6, with a turnover of HK$103 million.

According to the news, on the evening of July 30, Sanhuan Group announced that it will implement the second phase of the repurchase and plan to buy back the company's A shares for 500 million yuan to 1 billion yuan. Shares are repurchased for equity incentive plans or employee stock ownership plans to protect company value and shareholders' rights. Furthermore, the explosion in the AI industry sparked a boom in demand for high-end MLCCs. On July 29, Samsung Electric announced a 30% increase in MLCC prices starting in August. The company has issued a price increase notice to partner dealers, and the new prices will be implemented for all shipped products starting August 1. Japan Taiyo Yuden, another MLCC leader, also announced that the price of MLCCs shipped from September 1 will increase. The reason for the price increase is the sharp rise in the prices of raw materials and accessories.

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