AAC Technologies Holdings ( (HK:2018) ) has shared an update.
AAC Technologies Holdings Inc. has announced its acquisition of a 53.74% stake in Hebei Chuguang Auto Parts Co., Ltd., a leading Chinese manufacturer specializing in electronic component modules for automotive applications, for approximately RMB288 million. This strategic move is expected to enhance AAC’s capabilities in acoustic system solutions and accelerate Chuguang’s international market expansion by leveraging AAC’s global network.
More about AAC Technologies Holdings
AAC Technologies Holdings Inc. is a company incorporated in the Cayman Islands, operating in the technology sector with a focus on acoustic system solutions and electronic component modules for consumer electronics and automotive applications.
YTD Price Performance: 33.44%
Average Trading Volume: 394
Technical Sentiment Signal: Sell
Current Market Cap: $7.49B
Learn more about 2018 stock on TipRanks’ Stock Analysis page.