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Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) just unveiled an update.
Chengdu SIWI Science and Technology Company Limited announced a supplemental agreement regarding its Production Framework Agreement for high and low frequency cable assemblies with Rongwei Electronic Technology. The pricing for these assemblies will be based on prevailing market prices, ensuring competitiveness and alignment with industry standards. The company has set an annual cap of RMB5,000,000 for transactions in 2025 and 2026, based on expected demand and stable market conditions. This agreement is expected to enhance the company’s market positioning by ensuring favorable terms compared to independent third-party customers.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Chengdu SIWI Science and Technology Company Limited operates in the telecommunications industry, focusing on the production of high and low frequency cable assemblies. The company is engaged in sino-foreign joint ventures and is incorporated in the People’s Republic of China.
YTD Price Performance: -23.75%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €30.53M
For a thorough assessment of 1202 stock, go to TipRanks’ Stock Analysis page.
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