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The latest update is out from Asia Tele-Net and Technology Corp Ltd ( (HK:0679) ).
Asia Tele-Net and Technology Corporation Limited has acquired a Deposit Product with a nominal value of RMB15,000,000 for approximately RMB14,897,000. This acquisition, when combined with a previous acquisition, constitutes a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement. The acquisition is part of the company’s treasury management strategy, utilizing internal resources, and was conducted through the market with the issuer being the Tokyo branch of the Industrial and Commercial Bank of China Limited.
More about Asia Tele-Net and Technology Corp Ltd
Asia Tele-Net and Technology Corporation Limited is an investment holding company with principal subsidiaries engaged in electroplating equipment business, property investment, and treasury management. The company focuses on investments in listed shares, debt instruments, and short-term deposits, operating primarily through its subsidiary in Hong Kong that designs, manufactures, and sells electroplating machines.
Average Trading Volume: 118,349
Technical Sentiment Signal: Buy
Current Market Cap: HK$359M
For a thorough assessment of 0679 stock, go to TipRanks’ Stock Analysis page.