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Angelalign Technology Inc. ( (HK:6699) ) has issued an announcement.
Angelalign Technology Inc. announced that its subsidiary, Wuxi EA, has entered into a Product Purchase Cooperation Framework Agreement with Shanghai Maxflex, an associate of CareCapital Group. This agreement entails Wuxi EA purchasing raw materials from Shanghai Maxflex for clear aligner production, with set annual caps for the years 2025-2027. This transaction is categorized as a partially-exempt connected transaction under Hong Kong listing rules, implying specific reporting and review requirements but exempting it from independent shareholder approval. This strategic move is expected to impact the company’s production capabilities and market positioning by securing essential raw materials through a controlled pricing policy.
More about Angelalign Technology Inc.
Angelalign Technology Inc. operates in the dental industry, focusing on the production of clear aligners, a type of orthodontic device used for teeth straightening.
YTD Price Performance: -0.51%
Average Trading Volume: 401,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$9.96B
For an in-depth examination of 6699 stock, go to TipRanks’ Stock Analysis page.
