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The latest update is out from BeijingWest International ( (HK:2339) ).
BeijingWest Industries International Limited announced a connected transaction involving its wholly-owned subsidiary, BWI Poland, purchasing assets from BWI Indiana, a subsidiary of its controlling shareholder BWI BJ. The transaction, valued at USD1,247,461, is intended to enhance production capabilities at the Poland plant for passive dampers and SARC products. This strategic move aligns with the company’s operational goals and complies with the Hong Kong Listing Rules, although it is exempt from circular and shareholders’ approval requirements.
More about BeijingWest International
BeijingWest Industries International Limited operates in the automotive industry, focusing on the production of passive dampers and SARC products. The company is involved in manufacturing components that enhance vehicle performance and comfort, with a market focus on automotive parts and systems.
Average Trading Volume: 313,038
Technical Sentiment Signal: Buy
Current Market Cap: HK$297.2M
See more insights into 2339 stock on TipRanks’ Stock Analysis page.