Angelalign Technology Inc. ( (HK:6699) ) just unveiled an announcement.
Angelalign Technology Inc. has announced that Shanghai Kaihao has become a connected person of the company following a significant equity acquisition by a substantial shareholder. This development has led to the classification of existing transactions under a Processing Undertaking Agreement as continuing connected transactions, necessitating compliance with specific disclosure and review requirements. The agreement, which involves Shanghai Kaihao providing processing services for raw materials used in clear aligner production, is seen as a strategic move to secure reliable suppliers and support the company’s growth in the clear aligner market. The terms of the agreement are deemed fair and beneficial for the company’s operations and stakeholders.
More about Angelalign Technology Inc.
Angelalign Technology Inc. operates in the clear aligner industry, focusing on the production of clear aligners. The company is involved in procuring raw materials and forming long-term partnerships to support its growing business in this sector.
YTD Price Performance: -20.54%
Average Trading Volume: 994,506
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.96B
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