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3 E Network Technology Group Ltd. Class A ( (MASK) ) has provided an announcement.
On March 21, 2025, 3 E Network Technology Group Ltd.’s Hong Kong subsidiary entered into equity transfer agreements with HongKong Techfaith Limited, selling 60% of Guangzhou Sanyi and 100% of Guangzhou 3E for a total of approximately RMB7,594,000. This move aligns with the company’s strategy to focus on expanding its overseas operations, particularly in Hong Kong and Southeast Asia, potentially impacting its market positioning and stakeholder interests.
More about 3 E Network Technology Group Ltd. Class A
3 E Network Technology Group Ltd. operates within the technology sector, focusing on software development, IT business solutions, and services related to the clean energy sector. The company is actively reallocating resources to expand its operations in Hong Kong and Southeast Asia, reflecting a strategic shift towards these markets.
YTD Price Performance: 11.38%
Average Trading Volume: 72,923
Find detailed analytics on MASK stock on TipRanks’ Stock Analysis page.
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