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Aztech Global Ltd. ( (SG:8AZ) ) has provided an announcement.
Aztech Global Ltd. has announced a sale and leaseback agreement for its property in Dongguan, China, through its subsidiary Aztech Communication Device (DG) Ltd. The transaction involves selling the property for RMB 41 million and leasing back a portion for ten years at RMB 20 million. This strategic move allows Aztech DG to optimize its manufacturing operations in China without the burden of maintaining the entire property and mitigates risks associated with land use rights.
The most recent analyst rating on (SG:8AZ) stock is a Hold with a S$0.90 price target. To see the full list of analyst forecasts on Aztech Global Ltd. stock, see the SG:8AZ Stock Forecast page.
More about Aztech Global Ltd.
Aztech Global Ltd., incorporated in Singapore, operates in the technology sector, focusing on communication devices and related services. The company serves a diverse market with its manufacturing facilities, particularly in China.
Average Trading Volume: 1,039,584
Technical Sentiment Signal: Buy
Current Market Cap: S$501.7M
For an in-depth examination of 8AZ stock, go to TipRanks’ Overview page.