Alltronics Holdings (HK:0833) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Alltronics Holdings Limited has announced a memorandum of understanding for a potential acquisition of a 51% stake in a Vietnamese electronics manufacturing company, with a proposed investment of $2 million. The deal involves an interest-free loan and intends to establish a new Singapore-based holding company to facilitate the acquisition. The acquisition aims to be finalized within six months, enhancing Alltronics’ manufacturing presence in Vietnam.
For further insights into HK:0833 stock, check out TipRanks’ Stock Analysis page.