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The latest update is out from Angelalign Technology Inc. ( (HK:6699) ).
Angelalign Technology Inc. has announced that its subsidiary, Wuxi EA, has entered into a Product Purchase Cooperation Framework Agreement with Shanghai Kaihao, a company associated with a substantial shareholder of Angelalign. This agreement involves the purchase of raw materials for the production of clear aligners over an 18-month period, with set annual caps for purchases. The transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval. This strategic move is expected to secure essential materials for Angelalign’s production, potentially enhancing its market position in the orthodontic industry.
The most recent analyst rating on (HK:6699) stock is a Buy with a HK$69.55 price target. To see the full list of analyst forecasts on Angelalign Technology Inc. stock, see the HK:6699 Stock Forecast page.
More about Angelalign Technology Inc.
Angelalign Technology Inc. operates in the orthodontic industry, primarily focusing on the production of clear aligners. The company is engaged in the development and manufacturing of dental products aimed at improving dental alignment and aesthetics.
Average Trading Volume: 737,907
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$9.41B
Learn more about 6699 stock on TipRanks’ Stock Analysis page.