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BaTeLab Co., Ltd. ( (HK:2149) ) just unveiled an announcement.
BaTeLab Co., Ltd. announced the completion of placing 3,000,000 H Shares, raising approximately HK$116.58 million. The proceeds will be used to invest in upstream manufacturing resources and general working capital, which will enhance the company’s competitiveness by ensuring stable production capacity and innovation in manufacturing processes.
More about BaTeLab Co., Ltd.
BaTeLab Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the industrial-grade analog IC market. The company follows a fabless model, focusing on analog IC patterned wafer design, and aims to enhance its competitiveness through investments in upstream manufacturing resources.
Average Trading Volume: 138,428
Technical Sentiment Signal: Buy
Find detailed analytics on 2149 stock on TipRanks’ Stock Analysis page.